Belgium: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Belgium

The Belgian frozen norway lobster market shrank rapidly to $X in 2022, with a decrease of -52.5% against the previous year. Over the period under review, consumption continues to indicate a slight decrease. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Frozen Norway Lobster Production in Belgium

In value terms, frozen norway lobster production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume decreased by 99.9% against the previous year. Frozen norway lobster production peaked in 2022 and is likely to see steady growth in years to come.

Frozen Norway Lobster Exports

Exports from Belgium

In 2022, shipments abroad of frozen norway lobsters decreased by -90% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 508%. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, frozen norway lobster exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 457%. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

France (X tons) was the main destination for frozen norway lobster exports from Belgium, accounting for a 44% share of total exports. Moreover, frozen norway lobster exports to France exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.2% per year) and the Netherlands (-9.1% per year).

In value terms, France ($X) emerged as the key foreign market for frozen norway lobsters exports from Belgium, comprising 45% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.0% per year) and Germany (-15.5% per year).

Export Prices by Country

The average frozen norway lobster export price stood at $X per ton in 2022, surging by 40% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 53%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average 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 Spain ($X per ton), while the average price for exports to Germany ($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 Spain (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Norway Lobster Imports

Imports into Belgium

In 2022, frozen norway lobster imports into Belgium reduced slightly to X tons, therefore, remained relatively stable against 2021 figures. Overall, imports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, frozen norway lobster imports shrank to $X in 2022. Over the period under review, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of frozen norway lobster to Belgium, with a 62% share of total imports. Moreover, frozen norway lobster imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fivefold. The third position in this ranking was taken by Denmark (X tons), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+4.0% per year) and Denmark (+4.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen norway lobsters to Belgium, comprising 66% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by Denmark, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.4% per year) and Denmark (-1.3% per year).

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, shrinking by -6.8% against the previous year. Over the period under review, the import price saw a slight slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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