Belgium: Frozen Fish Market 2024

Frozen Fish Market Size in Belgium

In 2022, the Belgian frozen fish market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Frozen fish consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Frozen Fish Production in Belgium

In value terms, frozen fish production reached $X in 2022 estimated in export price. Overall, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Frozen fish production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from Belgium

In 2022, shipments abroad of frozen fish decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish exports rose notably to $X in 2022. In general, exports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of frozen fish exports from Belgium, with a combined X% share of total exports. Spain, Luxembourg, Denmark, the UK, Poland, Italy and Ghana lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for frozen fish exported from Belgium worldwide, together accounting for X% of total exports. Spain, Luxembourg, Denmark, the UK, Italy, Poland and Ghana lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Luxembourg, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Belgium

In 2022, overseas purchases of frozen fish decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, frozen fish imports shrank to $X in 2022. Overall, imports saw a mild downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of frozen fish imports to Belgium, together accounting for X% of total imports. Denmark, Germany, Chile, France, the United States, Myanmar, Poland and Senegal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Vietnam ($X) and China ($X) constituted the largest frozen fish suppliers to Belgium, together accounting for X% of total imports. Denmark, Chile, Germany, France, the United States, Poland, Myanmar and Senegal lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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