Forecast: Pelagic Fish Production in Belgium

Pelagic fish production in Belgium has shown significant fluctuations from 2014 to 2023. Production saw a steep decline in 2015 before a sharp recovery in 2016 and stabilizing at around 210.0 units between 2017 and 2019. A notable decrease occurred in 2020, followed by a rebound in 2021 and sustained growth through 2023. The 5-year CAGR indicates an average annual growth rate of 1.84% up to 2023. Forecast data suggests steady growth with a forecasted 1.4% CAGR, reflecting a 7.2% overall increase by 2028.

Future trends to watch for:

  • Environmental policies impacting fish stocks and production sustainability
  • Technological advancements in fishing and production efficiency
  • Market demand fluctuations due to changes in consumer preferences and international trade dynamics

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