The seafood market in Belgium has exhibited fluctuating trends from 2012 to 2022. It started strong in 2012 with a volume of 112.52 million kilograms. Post-2012, the market experienced alternating periods of growth and decline, culminating in a 2022 value of 104.64 million kilograms. Over the last two years, the market displayed a decline in 2022 by 1.13% following a growth of 2.18% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years (2017-2022) marked a slight positive growth of 0.54%, indicating a gradual recovery from previous declines.
Future trends to watch for:
- Potential innovation and diversification in seafood products to meet changing consumer preferences.
- Impact of environmental regulations and sustainable practices on market supply.
- Influence of global economic conditions and trade policies on import/export dynamics.
- Technological advancements in aquaculture and seafood processing to enhance production efficiency.
How does Belgium rank in Seafood Market Size Volume?
# | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Spain | 1,039,200,000 | 2023 | -1.62% | +1.65% | View data |
2 | 2 Denmark | 695,410,000 | 2023 | -0.31% | -0.19% | View data |
3 | 3 Italy | 659,090,000 | 2023 | +0.46% | -1.71% | View data |
4 | 4 France | 601,260,000 | 2023 | -1.93% | +0.22% | View data |
5 | 5 United Kingdom | 535,230,000 | 2023 | -1.1% | -0.87% | View data |
8 | 8 Lithuania | 146,960,000 | 2023 | +1.15% | +1.31% | View data |
9 | 9 Greece | 139,910,000 | 2023 | -2.42% | +0.95% | View data |
10 | 10 Belgium | 101,370,000 | 2023 | -0.8% | -0.46% | |
11 | 11 Czech Republic | 53,715,000 | 2023 | +2.14% | +1.66% | View data |
12 | 12 Bulgaria | 34,400,000 | 2023 | +3.25% | +0.83% | View data |