The demand for pelagic fish in Belgium is projected to decrease slightly from 2024 to 2028. Starting at 65.01 thousand metric tons in 2024, the forecast shows a steady decline each year, reaching 63.88 thousand metric tons by 2028. This represents a cumulative decrease of approximately 1.7% over the five-year period.
- 2025: -0.45% YoY
- 2026: -0.43% YoY
- 2027: -0.43% YoY
- 2028: -0.44% YoY
The average annual decline, denoted as the Compound Annual Growth Rate (CAGR), over this five-year span is about -0.43%.
Looking forward, it is crucial to watch for factors that could impact fish demand in Belgium, such as changes in consumer preferences, fishing regulations, sustainability initiatives, and economic conditions. These elements can either exacerbate or mitigate the forecasted decline in demand for pelagic fish.
