Belgium: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Belgium

The Belgian inedible fish products market fell to $X in 2022, with a decrease of -2.8% against the previous year. In general, consumption, however, recorded a buoyant increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Inedible Fish Products Production in Belgium

In value terms, inedible fish products production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted resilient growth. The growth pace was the most rapid in 2014 when the production volume increased by 51%. 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.

Inedible Fish Products Exports

Exports from Belgium

In 2022, the amount of inedible fish products exported from Belgium shrank dramatically to X tons, reducing by -20.3% on 2021. Overall, exports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2020 when exports increased by 26% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, inedible fish products exports dropped notably to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 230%. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for inedible fish products exports from Belgium, accounting for a 43% share of total exports. Moreover, inedible fish products exports to the Netherlands exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. India (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+49.4% per year) and India (+583.5% per year).

In value terms, Greece ($X) remains the key foreign market for inedible fish products exports from Belgium, comprising 36% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by Ecuador, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Greece totaled +82.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+690.5% per year) and Ecuador (+44.9% per year).

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, dropping by -16.2% against the previous year. Overall, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 170%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then shrank sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to the Netherlands ($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 Nigeria (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into Belgium

In 2022, inedible fish products imports into Belgium declined to X tons, dropping by -12% compared with the previous year's figure. Over the period under review, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 55%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports shrank remarkably to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 201%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Russia (X tons) and the United States (X tons) were the main suppliers of inedible fish products imports to Belgium, with a combined 55% share of total imports. The Netherlands, Poland, Germany and the Czech Republic lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +113.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inedible fish products suppliers to Belgium were the United States ($X), Russia ($X) and the Netherlands ($X), with a combined 83% share of total imports. The Czech Republic, Poland, Germany and France lagged somewhat behind, together accounting for a further 9.4%.

Poland, with a CAGR of +99.4%, recorded the highest rates of growth with regard to the value of imports, among 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 inedible fish products import price amounted to $X per ton, waning by -6.8% against the previous year. In general, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 168% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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