The Frozen Fish Fillets market in Belgium has shown a general upward trend in market size value from 139.85 million Euros in 2012 to 193.78 million Euros in 2022. The market experienced fluctuations with notable increases in 2014, 2015, 2019, and 2020, particularly in 2020 with an 8.6% year-on-year rise amid potential impacts from the COVID-19 pandemic. The average annual growth rate over the last five years (2018-2022) was approximately 4.12%, signaling robust growth in the sector.
Year-on-year variations indicate a period of decline and recovery, with substantial growth spikes in certain years. The last two years exhibited a moderate growth rate, with a 7.32% increase in 2021 and a minor 0.1% rise in 2022. This suggests market stabilization after a period of significant growth.
Future trends to watch for:
- Continued market stabilization and modest growth due to established consumer habits.
- Potential impacts from sustainable fishing practices and regulatory changes.
- Emerging consumer preference for plant-based seafood alternatives could affect traditional market dynamics.
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,254,300,000 | 2023 | +1.67% | +1.07% | View data |
| 2 | 2 Germany | 1,048,100,000 | 2023 | -1.67% | -1.83% | View data |
| 3 | 3 Spain | 1,007,100,000 | 2023 | +3.18% | +3.73% | View data |
| 4 | 4 Italy | 878,920,000 | 2023 | +4.06% | +2.74% | View data |
| 5 | 5 Poland | 356,160,000 | 2023 | +2.26% | +2.74% | View data |
| 6 | 6 Sweden | 310,010,000 | 2023 | +2.09% | +2.38% | View data |
| 7 | 7 Netherlands | 205,700,000 | 2023 | +0.97% | +0.55% | View data |
| 8 | 8 Belgium | 186,740,000 | 2023 | +2.36% | +4.15% | |
| 9 | 9 Czech Republic | 81,508,000 | 2023 | +2.31% | -0.16% | View data |
| 10 | 10 Finland | 35,030,000 | 2023 | -2.75% | -2.88% | View data |
