Belgium: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Belgium

In 2020, after four years of decline, there was significant growth in the Belgian frozen atlantic halibut market, when its value increased by X% to $X. Over the period under review, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Atlantic Halibut Exports

Exports from Belgium

In 2020, shipments abroad of frozen atlantic halibut decreased by -X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut exports dropped notably to $X in 2020. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

France (X tons), Austria (X tons) and Germany (X tons) were the main destinations of frozen atlantic halibut exports from Belgium, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in France, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen atlantic halibut exported from Belgium were Austria ($X), France ($X) and Germany ($X), together comprising X% of total exports.

In terms of the main countries of destination, France 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 mixed trend patterns.

Export Prices by Country

The average frozen atlantic halibut export price stood at $X per ton in 2020, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports into Belgium

In 2020, after three years of decline, there was significant growth in purchases abroad of frozen atlantic halibut, when their volume increased by X% to X tons. Over the period under review, total imports indicated a slight expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports skyrocketed to $X in 2020. Overall, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Denmark (X tons) constituted the largest supplier of frozen atlantic halibut to Belgium, accounting for a X% share of total imports. Moreover, frozen atlantic halibut imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of frozen atlantic halibut to Belgium, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Denmark totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (X% per year).

Import Prices by Country

The average frozen atlantic halibut import price stood at $X per ton in 2020, rising by X% against the previous year. Overall, import price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut import price increased by +X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per ton), while the price for Saint Pierre and Miquelon ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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