From 2014 to 2023, Belgium's crustaceans production experienced fluctuations, peaking in 2016 with a significant increase of 40.49%, followed by a decline in 2017 and stability in 2018. The year-on-year variations indicate periods of both growth and reduction, with the most recent change in 2023 showing a slight increase of 0.46%. Over the past five years, the compound annual growth rate (CAGR) averaged 0.74%. Production in 2023 stood at 2.2 thousand metric tons. Forecasts suggest moderate growth, with an expected CAGR of 0.54% from 2024 to 2028, projecting a total growth of 2.75% by 2028.
Future trends to watch for:
- The impact of environmental regulations on production capacity.
- Technological advancements in crustacean farming and sustainability practices.
- Market demand shifts due to consumer preferences for seafood.
- Potential geopolitical factors affecting trade and exports.
