Benelux: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Benelux

The Benelux market for caviar (salmon) and caviar substitutes was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Benelux

In value terms, caviar (salmon) and caviar substitutes production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a mild curtailment. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Benelux

For the third year in a row, Benelux recorded growth in shipments abroad of caviar (salmon) and caviar substitutes, which increased by 32% to X tons in 2021. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 176%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes exports surged to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 126%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

The Netherlands prevails in exports structure, recording X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Belgium (X tons), generating a 5.9% share of total exports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the caviar (salmon) and caviar substitutes exports, with a CAGR of +37.8% from 2012 to 2021. At the same time, Luxembourg (+18.9%) displayed positive paces of growth. By contrast, Belgium (-4.3%) illustrated a downward trend over the same period. The Netherlands (+57 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -55.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest caviar (salmon) and caviar substitutes supplier in Benelux, comprising 87% of total exports. The second position in the ranking was held by Belgium ($X), with an 8.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands amounted to +44.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-3.8% per year) and Luxembourg (+17.3% per year).

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, flattening at the previous year. Overall, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2015 an increase of 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($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 (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Benelux

For the fifth consecutive year, Benelux recorded growth in overseas purchases of caviar (salmon) and caviar substitutes, which increased by 10% to X tons in 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 226%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, caviar (salmon) and caviar substitutes imports skyrocketed to $X in 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 202% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

In 2021, the Netherlands (X tons) was the main importer of caviar (salmon) and caviar substitutes, generating 86% of total imports. It was distantly followed by Belgium (X tons), mixing up a 13% share of total imports.

The Netherlands was also the fastest-growing in terms of the caviar (salmon) and caviar substitutes imports, with a CAGR of +46.9% from 2012 to 2021. At the same time, Belgium (+1.8%) displayed positive paces of growth. While the share of the Netherlands (+67 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-62.7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in Benelux, comprising 88% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +45.4%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, growing by 6.4% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2018 when the import price increased by 14%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.0%).

Source: IndexBox Platform