Belgium: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Belgium

In 2021, the Belgian seafood meals and pellets market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Belgium

In value terms, seafood meals and pellets production skyrocketed to $X in 2021 estimated in export price. Overall, production posted a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 92%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Belgium

Seafood meals and pellets exports from Belgium skyrocketed to X tons in 2021, with an increase of 110% against 2020. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 323%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, seafood meals and pellets exports soared to $X in 2021. Overall, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2016 with an increase of 331% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), France (X tons) and Oman (X tons) were the main destinations of seafood meals and pellets exports from Belgium, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +968.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Belgium, comprising 37% of total exports. The second position in the ranking was held by Thailand ($X), with a 14% share of total exports. It was followed by Myanmar, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at -21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+23.6% per year) and Myanmar (+44.8% per year).

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2021, waning by -27.6% against the previous year. Overall, the export price, however, saw a notable expansion. The most prominent rate of growth was recorded in 2017 an increase of 202% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Myanmar ($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 Iran (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Belgium

In 2021, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs increased by 5.6% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 45%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, seafood meals and pellets imports soared to $X in 2021. In general, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of seafood meals and pellets imports to Belgium, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +22.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest seafood meals and pellets suppliers to Belgium were France ($X), Denmark ($X) and the Netherlands ($X), with a combined 91% share of total imports.

Among the main suppliers, Denmark, with a CAGR of +27.2%, recorded the highest growth rate of 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

In 2021, the average seafood meals and pellets import price amounted to $X per ton, with an increase of 15% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 39%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Peru (+38.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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