The production value of whole fresh lobsters in capture fisheries in Belgium has experienced significant fluctuations from 2013 to 2023. As of 2023, the value stood at 11.1 thousand euros per metric ton. The year-on-year variation has shown considerable deviations, peaking with a 38.17% increase in 2017 and plunging by 27.67% in 2018. The compound annual growth rate (CAGR) over the last five years up to 2023 is 6.99%, indicating an overall upward trend despite the volatility.
Key trends for the future include:
- Forecasted values indicate a steady increase in production value, with a forecast CAGR of 2.68% from 2024 to 2028.
- Expected growth rates over the next five years suggest a 14.14% increase, reflecting moderate but consistent expansion.
- Factors influencing future trends could include market demand changes, environmental regulations, and advancements in sustainable fishing practices.