Benelux: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Benelux

The Benelux preserved anchovies market reached $X in 2021, with an increase of 4% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.7% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Preserved Anchovies Production in Benelux

In value terms, preserved anchovies production reached $X in 2021 estimated in export price. Over the period under review, production posted a strong expansion. The growth pace was the most rapid in 2014 with an increase of 35%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Preserved Anchovies Exports

Exports in Benelux

In 2021, approx. X tons of anchovies (prepared or preserved) were exported in Benelux; growing by 26% against the previous year. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, preserved anchovies exports surged to $X in 2021. Over the period under review, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium prevails in exports structure, resulting at X tons, which was near 91% of total exports in 2021. It was distantly followed by the Netherlands (X tons), achieving an 8.9% share of total exports.

Belgium was also the fastest-growing in terms of the anchovies (prepared or preserved) exports, with a CAGR of +10.7% from 2012 to 2021. At the same time, the Netherlands (+1.4%) displayed positive paces of growth. Belgium (+9 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -8.7% from 2012 to 2021, respectively.

In value terms, Belgium ($X) remains the largest preserved anchovies supplier in Benelux, comprising 85% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium stood at +10.7%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, increasing by 6.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 12%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.8%).

Preserved Anchovies Imports

Imports in Benelux

In 2021, purchases abroad of anchovies (prepared or preserved) increased by 5.6% to X tons, rising for the fifth year in a row after three years of decline. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 42% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved anchovies imports rose slightly to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.9% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 46%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belgium (X tons) was the largest importer of anchovies (prepared or preserved), committing 66% of total imports. It was distantly followed by the Netherlands (X tons), achieving a 32% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the anchovies (prepared or preserved) imports, with a CAGR of +4.0% from 2012 to 2021. The Netherlands experienced a relatively flat trend pattern. Luxembourg (-1.4%) illustrated a downward trend over the same period. Belgium (+7.9 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -7.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved anchovies importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Belgium, with a CAGR of +4.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, with a decrease of -2.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform