Belgium: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Belgium

In 2021, the Belgian dried or smoked fish market decreased by -29% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption saw a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in Belgium

In value terms, dried or smoked fish production declined markedly to $X in 2021 estimated in export price. In general, production recorded a deep downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by 35%. Dried or smoked fish production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports from Belgium

In 2021, overseas shipments of dried or smoked fish increased by 54% to X tons, rising for the sixth year in a row after two years of decline. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 54% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, dried or smoked fish exports soared to $X in 2021. Over the period under review, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of dried or smoked fish exports from Belgium, with a combined 81% share of total exports. These countries were followed by Luxembourg, Ireland and Germany, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +1,089.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and the UK ($X) were the largest markets for dried or smoked fish exported from Belgium worldwide, together accounting for 80% of total exports. These countries were followed by Luxembourg, Ireland and Germany, which together accounted for a further 17%.

Ireland, with a CAGR of +905.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 dried or smoked fish export price amounted to $X per ton, which is down by -5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to France ($X per ton) and Luxembourg ($X per ton), while the average price for exports to the UK ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Belgium

In 2021, imports of dried or smoked fish into Belgium soared to X tons, growing by 34% compared with 2020 figures. The total import volume increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dried or smoked fish imports soared to $X in 2021. The total import value increased at an average annual rate of +6.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Lithuania (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of dried or smoked fish imports to Belgium, together accounting for 73% of total imports. These countries were followed by Poland, France, Portugal, Denmark and the UK, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +26.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Germany ($X) and the Netherlands ($X) were the largest dried or smoked fish suppliers to Belgium, with a combined 75% share of total imports. These countries were followed by Poland, France, Denmark, Portugal and the UK, which together accounted for a further 22%.

Among the main suppliers, Poland, with a CAGR of +24.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, increasing by 2.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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