Belgium: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Belgium

The Belgian preserved mackerel market shrank notably to $X in 2021, reducing by -38.2% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then declined sharply in the following year.

Preserved Mackerel Production in Belgium

In value terms, preserved mackerel production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 276% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Preserved Mackerel Exports

Exports from Belgium

After two years of decline, shipments abroad of mackerel (prepared or preserved) increased by 2,532% to X tons in 2021. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved mackerel exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for preserved mackerel exports from Belgium, with a 98% share of total exports. It was followed by Luxembourg (X tons), with a 1.4% share of total exports. The Netherlands (X tons) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +7,125.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-6.7% per year) and the Netherlands (-14.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for mackerel (prepared or preserved) exports from Belgium, comprising 97% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 1.8% share of total exports. It was followed by the Netherlands, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +6,726.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-5.8% per year) and the Netherlands (-10.4% per year).

Export Prices by Country

The average preserved mackerel export price stood at $X per ton in 2021, dropping by -6.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Luxembourg ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Romania ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Mackerel Imports

Imports into Belgium

Preserved mackerel imports into Belgium fell markedly to X tons in 2021, with a decrease of -23% on 2020 figures. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved mackerel imports fell markedly to $X in 2021. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 25%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of preserved mackerel to Belgium, with a 50% share of total imports. Moreover, preserved mackerel imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+95.9% per year) and Germany (+20.7% per year).

In value terms, Denmark ($X) constituted the largest supplier of mackerel (prepared or preserved) to Belgium, comprising 46% of total imports. The second position in the ranking was taken by Poland ($X), with a 17% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark amounted to -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+100.7% per year) and Germany (+19.1% per year).

Import Prices by Country

In 2021, the average preserved mackerel import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, saw a mild decline. The growth pace was the most rapid in 2020 when the average import price increased by 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, 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 Portugal ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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