Between 2011 and 2021, the Seafood Price Per Unit in Belgium showed a general upward trend, increasing from 9.54 percent Euros per kilogram in 2011 to a peak of 11.71 percent Euros per kilogram in 2016 before gradually declining to 9.66 percent Euros per kilogram in 2021. Significant year-on-year variations include a notable increase of 7.47% from 2014 to 2015, followed by a substantial drop of 9.6% from 2019 to 2020. Over the past two years, from 2019 to 2021, the average annual change was around -4.56%. The five-year CAGR from 2016 to 2021 was -3.68%, indicating a declining trend.
Future trends to watch for include potential impacts of global supply chain disruptions, environmental regulations affecting fishing practices, and shifting consumer preferences towards sustainable seafood options. Monitoring economic factors such as inflation and currency fluctuations will also be crucial for forecasting future price trends in the Belgian seafood market.
