Belgium's import of frozen lobsters saw a volatile trajectory from 2013 to 2023. The import value fluctuated, peaking in 2017 and witnessing a decline in certain years, especially in 2018. However, a steady growth pattern emerged from 2020, with a notable annual average increase.
By 2023, the import value stood at 15.292 million US dollars. The year-on-year growth over the last two years has been relatively steady, with a 1.58% increase in 2022 and a 1.52% increase in 2023. The CAGR for the past five years was 3.52%.
Looking forward, the import value is expected to continue growing, albeit at a slower pace. The forecasted CAGR over the next five years is 1.08%, projecting a total growth rate of 5.52% by 2028.
Trends to watch for in the future include the impact of trade policies, consumer preferences towards sustainable seafood, and potential disruptions in the supply chain due to geopolitical factors or environmental changes.
