The whole fresh finfish production value in Belgium's capture fisheries showed variability over the past decade. The production value stood at 1.83 thousand Euros per metric ton in 2023. This represents a -4.44% variation from the previous year. Notably, 2021 recorded a significant increase with a 16.38% rise, followed by a moderate growth trend. Despite some fluctuations, the five-year CAGR reflects an average annual growth of 0.51% leading up to 2023. Forecast data suggests sustained moderate growth with a projected CAGR of 1.41% over the next five years, anticipating a value of 2.0 thousand Euros per metric ton by 2028.
Future Trends to Watch For:
- The impact of environmental policies on capture fisheries.
- Technological advancements in aquaculture.
- Changes in consumer demand for sustainable seafood options.
- Economic factors influencing fishing industry investments.
