Benelux: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Benelux

The Benelux dried or salted fish market reduced rapidly to $X in 2021, waning by -16% against the previous year. In general, consumption recorded a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Dried Or Salted Fish in Benelux

In value terms, dried or salted fish production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, posted a perceptible increase. The growth pace was the most rapid in 2014 when the production volume increased by 127%. The level of production peaked at $X in 2020, and then fell in the following year.

Exports of Dried Or Salted Fish

Exports in Benelux

In 2021, the amount of dried or salted fish exported in Benelux expanded sharply to X tons, growing by 7% compared with 2020 figures. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,347% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, dried or salted fish exports rose remarkably to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,996%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons) represented the major exporter of dried or salted fish in Benelux, achieving 99% of total export.

The Netherlands was also the fastest-growing in terms of the dried or salted fish exports, with a CAGR of +22.9% from 2012 to 2021. The Netherlands (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) also remains the largest dried or salted fish supplier in Benelux.

In the Netherlands, dried or salted fish exports increased at an average annual rate of +30.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, growing by 6.3% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or salted fish export price increased by +54.3% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 45%. The level of export peaked in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +5.7% per year.

Imports of Dried Or Salted Fish

Imports in Benelux

In 2021, the amount of dried or salted fish imported in Benelux dropped slightly to X tons, therefore, remained relatively stable against the year before. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 633% against the previous year. As a result, imports attained the peak of X tons, and then declined slightly in the following year.

In value terms, dried or salted fish imports expanded remarkably to $X in 2021. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,101% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands dominates imports structure, amounting to X tons, which was approx. 94% of total imports in 2021. It was distantly followed by Belgium (X tons), constituting a 4.9% share of total imports.

The Netherlands was also the fastest-growing in terms of the dried or salted fish imports, with a CAGR of +7.7% from 2012 to 2021. At the same time, Belgium (+6.8%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported dried or salted fish in Benelux, comprising 97% of total imports. The second position in the ranking was taken by Belgium ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +10.1%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, growing by 6.3% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or salted fish import price increased by +96.5% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 64%. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%).

Source: IndexBox Platform