The export of caviar from Belgium has experienced significant fluctuations over the past decade. As of 2023, the export volume stood at 97.6 thousand kilograms. Notable variations in year-on-year percentage have been observed, with declines peaking at -17.59% in 2020 and growths as high as 13.65% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years is -1.01%, indicating a slight downward trend.
Future forecasts from 2024 onwards suggest a continued slow decline in the export volume, with a five-year CAGR projected at -0.57%, leading to a forecasted value of 93.78 thousand kilograms by 2028.
Future trends to watch for include:
- Economic conditions impacting luxury goods demand.
- Changes in trade policies and tariffs.
- Growth in alternative caviar production impacting market dynamics.
- Global shifts in consumer preferences and sustainability concerns.
