Belgium: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Belgium

In 2022, after two years of decline, there was significant decline in the Belgian market for jellyfish, dried, salted or in brine, smoked, when its value decreased by -49% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Jellyfish, Dried, Salted Or In Brine, Smoked in Belgium

In value terms, production of jellyfish, dried, salted or in brine, smoked fell dramatically to $X in 2022 estimated in export price. Over the period under review, production saw a dramatic setback. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from Belgium

In 2022, after two years of decline, there was significant decline in overseas shipments of jellyfish, dried, salted or in brine, smoked, when their volume decreased by -99.8% to X kg. In general, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2014 when exports increased by 13%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of jellyfish, dried, salted or in brine, smoked declined significantly to $X in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The smallest decline of -6.3% was in 2014. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for exports of jellyfish, dried, salted or in brine, smoked from Belgium, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at -60.4%.

In value terms, France ($X) also remains the key foreign market for jellyfish, dried, salted or in brine, smoked exports from Belgium.

From 2012 to 2022, the average annual growth rate of value to France stood at -61.0%.

Export Prices by Country

In 2022, the average export price for jellyfish, dried, salted or in brine, smoked amounted to $X per ton, which is down by -3% against the previous year. Overall, the export price saw a mild slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 65%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -1.6% per year.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into Belgium

In 2022, the amount of jellyfish, dried, salted or in brine, smoked imported into Belgium shrank slightly to X tons, falling by -4.8% against 2021 figures. Overall, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 403%. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of jellyfish, dried, salted or in brine, smoked shrank to $X in 2022. Over the period under review, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 332% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of jellyfish, dried, salted or in brine, smoked to Belgium, accounting for a 92% share of total imports. Moreover, imports of jellyfish, dried, salted or in brine, smoked from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-39.4% per year) and France (-38.9% per year).

In value terms, China ($X) constituted the largest supplier of jellyfish, dried, salted or in brine, smoked to Belgium, comprising 89% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 7.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-38.5% per year) and France (-41.0% per year).

Import Prices by Country

The average import price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, declining by -8.6% against the previous year. In general, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 110% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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