The smoked fish market in Belgium has shown significant fluctuations over the years, initially declining from 148.47 million Euros in 2012 to 122.1 million Euros in 2015. This was followed by a recovery phase, peaking at 201.34 million Euros in 2021. The market growth rate slowed slightly in 2022, with a year-on-year decrease of 1.6%. The last five years show a compound annual growth rate (CAGR) of 5.29%, indicating a stable long-term growth pattern. Notably, the most significant growth was observed in 2021, with a 12.21% increase from the previous year.
Future trends to watch for:
- Increased consumer demand for healthy and protein-rich food products
- Potential market saturation or maturity, leading to slower growth rates
- Impact of environmental and sustainability factors on fish supply and pricing
- Innovation in smoked fish products and packaging to meet changing consumer preferences
How does Belgium rank in Smoked Fish Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 985,040,000 | 2023 | -0.89% | -1.61% | View data |
| 2 | 2 Italy | 539,100,000 | 2023 | +4.32% | +2.78% | View data |
| 3 | 3 Spain | 443,360,000 | 2023 | +3.6% | +3.51% | View data |
| 4 | 4 Belgium | 228,700,000 | 2023 | +6.34% | +8.59% | |
| 5 | 5 Austria | 69,430,000 | 2023 | +4.99% | -1.5% | View data |
| 6 | 6 Ireland | 45,174,000 | 2023 | +1.07% | +1.4% | View data |
