Belgium: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Belgium

In 2021, the Belgian battered fish fillet market decreased by -5.5% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by 10%. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in Belgium

In value terms, battered fish fillet production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 18%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Battered Fish Fillet Exports

Exports from Belgium

In 2021, the amount of fish fillets in batter or breadcrumbs exported from Belgium surged to X tons, picking up by 101% compared with the year before. Overall, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, battered fish fillet exports soared to $X in 2021. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of battered fish fillet exports from Belgium, with a combined 83% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +88.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for battered fish fillet exported from Belgium were the UK ($X), the Netherlands ($X) and Germany ($X), with a combined 84% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +92.4%, recorded the highest growth rate of 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 battered fish fillet export price amounted to $X per ton, reducing by -15.7% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 an increase of 11%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Luxembourg ($X per ton) and the UK ($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 the UK (+2.1%), while the prices for the other major destinations experienced a decline.

Battered Fish Fillet Imports

Imports into Belgium

In 2021, after two years of decline, there was significant growth in supplies from abroad of fish fillets in batter or breadcrumbs, when their volume increased by 35% to X tons. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, 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.

In value terms, battered fish fillet imports surged to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.8% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest battered fish fillet supplier to Belgium, accounting for a 61% share of total imports. Moreover, battered fish fillet imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Denmark (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.7% per year) and Denmark (+31.8% per year).

In value terms, Germany ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Belgium, comprising 51% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.2% per year) and France (+0.0% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, picking up by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 8.1%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($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 (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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