The seafood market volume in Belgium stood at 101.37 million kilograms in 2023. Over the past decade, fluctuations are evident with a peak of 118.28 million kilograms in 2014 and a general decline thereafter. The latest five years’ data reveals an average annual decline (CAGR) of -0.46%, with recent years showing a steady decline moving from a slight dip of -0.8% in 2023.
Moving forward, Belgium's seafood market is expected to continue a downward trend, decreasing at an average rate of -0.64% per year, projecting a reduction to 97.384 million kilograms by 2028. Over five years, this translates into an overall reduction of -3.15% in market volume.
Future trends to watch include potential impacts of environmental policies on fishing practices, technological advancements in aquaculture, and changes in consumer preferences towards sustainable and locally-sourced seafood products.
