Belgium: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Belgium

In 2022, after two years of growth, there was significant decline in the Belgian market for fish fillets and other fish meat, when its value decreased by -12.4% to $X. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2021, and then declined in the following year.

Production of Fish Fillets and Other Fish Meat in Belgium

In value terms, production of fish fillets and other fish meat reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 6,111% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from Belgium

Exports of fish fillets and other fish meat from Belgium fell rapidly to X tons in 2022, declining by -54.9% compared with 2021 figures. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 88% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of fish fillets and other fish meat declined remarkably to $X in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 80%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for exports of fish fillets and other fish meat from Belgium, with a 46% share of total exports. Moreover, exports of fish fillets and other fish meat to the Netherlands exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-11.9% per year) and Germany (-0.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for fish fillets and other fish meat exports from Belgium, comprising 59% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-11.5% per year) and Germany (-1.7% per year).

Export Prices by Country

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, growing by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Belgium

In 2022, imports of fish fillets and other fish meat into Belgium contracted significantly to X tons, waning by -30.3% on the year before. Overall, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of fish fillets and other fish meat dropped significantly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 25%. Over the period under review, imports of hit record highs at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of fish fillets and other fish meat to Belgium, accounting for a 31% share of total imports. Moreover, imports of fish fillets and other fish meat from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was held by France (X tons), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+14.3% per year) and France (-3.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of fish fillets and other fish meat to Belgium, comprising 34% of total imports. The second position in the ranking was held by Sweden ($X), with a 15% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+19.2% per year) and France (-1.8% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, growing by 4.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.9% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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