Belgium: Preserved Salmon Market 2024

Preserved Salmon Market Size in Belgium

The Belgian preserved salmon market soared to $X in 2021, growing by 18% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Preserved Salmon Production in Belgium

In value terms, preserved salmon production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild descent. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Preserved salmon production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Preserved Salmon Exports

Exports from Belgium

In 2021, preserved salmon exports from Belgium skyrocketed to X tons, with an increase of 138% compared with the year before. In general, exports continue to indicate a slight increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved salmon exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for preserved salmon exports from Belgium, accounting for a 60% share of total exports. Moreover, preserved salmon exports to the UK exceeded the volume sent to the second major destination, France (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.1% per year) and the Netherlands (-11.6% per year).

In value terms, the UK ($X) emerged as the key foreign market for salmon (prepared or preserved) exports from Belgium, comprising 59% of total exports. The second position in the ranking was held by France ($X), with a 24% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.4% per year) and the Netherlands (-11.5% per year).

Export Prices by Country

The average preserved salmon export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Imports

Imports into Belgium

In 2021, preserved salmon imports into Belgium soared to X tons, with an increase of 64% compared with the previous year. In general, imports enjoyed a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved salmon imports soared to $X in 2021. Overall, imports posted a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Denmark (X tons) and France (X tons) were the main suppliers of preserved salmon imports to Belgium, with a combined 57% share of total imports. These countries were followed by Poland, China, the Netherlands, the United States and Sweden, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +46.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved salmon suppliers to Belgium were Germany ($X), Poland ($X) and the Netherlands ($X), with a combined 63% share of total imports. These countries were followed by France, Denmark, China, Sweden and the United States, which together accounted for a further 34%.

China, with a CAGR of +47.3%, recorded the highest growth rate of 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

The average preserved salmon import price stood at $X per ton in 2021, growing by 6.4% against the previous year. Overall, the import price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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