Belgium: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Belgium

The Belgian market for herring, salted or in brine declined slightly to $X in 2022, leveling off at the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Herring, Salted Or In Brine in Belgium

In value terms, herring, salted or in brine production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 39%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Herring, Salted Or In Brine

Exports from Belgium

Herring, salted or in brine exports from Belgium soared to X tons in 2022, increasing by 51% against the previous year's figure. Over the period under review, exports showed notable growth. The most prominent rate of growth was recorded in 2016 when exports increased by 389%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, herring, salted or in brine exports fell modestly to $X in 2022. In general, exports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2016 with an increase of 275%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons), Luxembourg (X kg) and France (X kg) were the main destinations of herring, salted or in brine exports from Belgium, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +41.5%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for herring, salted or in brine exported from Belgium were France ($X), Ukraine ($X) and Luxembourg ($X), together accounting for 95% of total exports.

Among the main countries of destination, France, with a CAGR of +44.6%, 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 export price for herring, salted or in brine stood at $X per ton in 2022, with a decrease of -36.7% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 an increase of 159% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Ukraine ($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 the Netherlands (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Herring, Salted Or In Brine

Imports into Belgium

In 2022, supplies from abroad of herring, salted or in brine decreased by -2.3% to X tons, falling for the third consecutive year after two years of growth. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.4% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 105% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, herring, salted or in brine imports contracted modestly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) was the main supplier of herring, salted or in brine to Belgium, accounting for a 96% share of total imports. Moreover, herring, salted or in brine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +11.2%.

In value terms, the Netherlands ($X) constituted the largest supplier of herring, salted or in brine to Belgium, comprising 93% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +2.9%.

Import Prices by Country

The average import price for herring, salted or in brine stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :