Key Market Indicators
Belgium's fishing equipment imports are projected to hit $45 million by 2026, up 1.5% each year on average since 2021. This is an increase of 6% compared to 2004. In 2021, Belgium was the 18th largest importer of fishing equipment, with Indonesia ranking at the top with $41 million. Japan, South Korea and Singapore followed in second, third and fourth place respectively. Meanwhile, Belgium's fishing equipment exports are expected to reach $45.5 million by 2026, up 1.3% annually since 2021. This is an increase of 2.7% since 2004. In 2021, Belgium was the 15th largest exporter of fishing equipment, with Spain holding the top spot at $42 million. Japan, the United States and Malaysia occupied the next three spots.
