Between 2012 and 2022, the smoked fish market in Belgium experienced fluctuations in volume. The market saw a significant drop in 2014, with a year-on-year decrease of 26.12%, followed by a period of gradual recovery with annual variations oscillating around +/- 4%. Notably, from 2018 to 2022, the market showed signs of stabilization with a modest overall growth trend, highlighted by a CAGR of 1.51% in the last five years.
In 2023, the Belgian smoked fish market volumes likely held steady or experienced a minor change, continuing the pattern observed since 2019. The most recent variations indicated a slight reduction in growth momentum with values slightly decreasing by 1.1% in 2022.
Future trends to watch for include:
- Increased consumer interest in healthy and sustainable food options, potentially boosting demand.
- Potential market expansions or contractions linked to economic developments and consumer spending power.
How does Belgium rank in Smoked Fish Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 73,606,000 | 2023 | +1.35% | +1.57% | View data |
| 2 | 2 France | 33,525,000 | 2023 | -3.2% | -3.61% | View data |
| 3 | 3 Italy | 22,670,000 | 2023 | +3.82% | +1.93% | View data |
| 4 | 4 Spain | 15,740,000 | 2023 | +3.52% | -0.64% | View data |
| 5 | 5 Belgium | 6,153,400 | 2023 | -5.28% | -2.13% | |
| 6 | 6 Austria | 2,507,700 | 2023 | -0.23% | -1.59% | View data |
| 7 | 7 Ireland | 1,365,700 | 2023 | -2.27% | -3.96% | View data |
