Belgium: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Belgium

After two years of decline, the Belgian caviar (sturgeon) market increased by 2.2% to $X in 2021. In general, consumption enjoyed a significant increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Caviar (Sturgeon) Production in Belgium

In value terms, caviar (sturgeon) production rose modestly to $X in 2021 estimated in export price. Overall, production showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 144% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Caviar (Sturgeon) Exports

Exports from Belgium

In 2021, approx. X tons of caviar (sturgeon) were exported from Belgium; with an increase of 61% compared with 2020. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 167%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, caviar (sturgeon) exports soared to $X in 2021. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 170% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of caviar (sturgeon) exports from Belgium, with a combined 58% share of total exports. These countries were followed by Denmark, Portugal, the United States, the UK, Luxembourg and Malta, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +193.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caviar (sturgeon) exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), with a combined 56% share of total exports. Denmark, the UK, the United States, Portugal, Luxembourg and Malta lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Portugal, with a CAGR of +189.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average caviar (sturgeon) export price amounted to $X per ton, increasing by 5.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 an increase of 30%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malta ($X per ton), while the average price for exports to Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Caviar (Sturgeon) Imports

Imports into Belgium

In 2021, supplies from abroad of caviar (sturgeon) decreased by -14.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 125% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then fell in the following year.

In value terms, caviar (sturgeon) imports surged to $X in 2021. Over the period under review, imports, however, showed a mild expansion. The pace of growth was the most pronounced in 2014 with an increase of 89%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Denmark (X tons) and France (X tons) were the main suppliers of caviar (sturgeon) imports to Belgium, together accounting for 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +194.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of caviar (sturgeon) to Belgium, comprising 79% of total imports. The second position in the ranking was taken by Denmark ($X), with an 8% share of total imports. It was followed by France, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+149.6% per year) and France (-7.4% per year).

Import Prices by Country

The average caviar (sturgeon) import price stood at $X per ton in 2021, with an increase of 44% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+30.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :