The production value of fresh lobsters in capture fisheries in Belgium has shown considerable fluctuations between 2013 and 2023. The year-on-year variations illustrate significant growth periods, notably in 2017 with a 38.17% increase and 2022 with a 25.17% increase, alongside declines, such as in 2018 with a -28.12% drop and 2020 with a -5.9% decrease. As of 2023, the value stood at 9.88 thousand euros per metric ton, with a -4.36% change from 2022. The latest five-year CAGR up to 2023 is 4.67%, indicating moderate growth. Looking forward from 2024 to 2028, the forecasted five-year CAGR is predicted at 2.29%, translating to a cumulative growth rate of 11.97% over this period.
Future trends to watch for:
- Potential impacts of environmental regulations on fisheries.
- Market demand fluctuations due to economic factors.
- Technological advancements improving capture efficiency.
- Effects of climate change on lobster populations and habitats.
