The freshwater fish market volume in Belgium has shown moderate variations over the years. Starting from 80.6 Thousand Metric Tons in 2014, the market experienced fluctuations but generally trended downward. The most significant drop occurred in 2020 with a drastic -17.19% year-on-year decline. By 2023, the market volume was 76.98 Thousand Metric Tons, indicating a slight recovery from the previous low in 2020 but still lower than earlier years. The CAGR over the last five years was recorded at -0.27%, reflecting a gradual decline.
Looking ahead, the forecasted data from 2024 to 2028 suggests a continued slight decline. By 2028, the market volume is expected to fall to 75.84 Thousand Metric Tons, with an average annual decrease of -0.18%, resulting in a 0.88% total drop over the five-year period. The trends indicate a consistent yet slow reduction in market volume.
Future trends to watch for include potential impacts of climate change, environmental regulations, and shifts in consumer preference towards sustainable and local food sources. Additionally, advancements in aquaculture technology could either mitigate the decline or present new growth opportunities within the market.
