Benelux: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Benelux

For the third consecutive year, the Benelux dried or smoked fish market recorded decline in sales value, which decreased by -13% to $X in 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in Benelux

In value terms, dried or smoked fish production declined to $X in 2021 estimated in export price. In general, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 62% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports in Benelux

In 2021, shipments abroad of dried or smoked fish increased by 15% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 272% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, dried or smoked fish exports skyrocketed to $X in 2021. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2020 with an increase of 134% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The Netherlands prevails in exports structure, reaching X tons, which was approx. 91% of total exports in 2021. It was distantly followed by Belgium (X tons), constituting an 8.5% share of total exports.

The Netherlands was also the fastest-growing in terms of the dried or smoked fish exports, with a CAGR of +15.9% from 2012 to 2021. At the same time, Belgium (+13.4%) displayed positive paces of growth. From 2012 to 2021, the share of the Netherlands increased by +1.8 percentage points.

In value terms, the Netherlands ($X) remains the largest dried or smoked fish supplier in Benelux, comprising 84% of total exports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +15.9%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.1%).

Imports of Dried Or Smoked Fish

Imports in Benelux

In 2021, purchases abroad of dried or smoked fish increased by 14% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2020 with an increase of 183%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, dried or smoked fish imports soared to $X in 2021. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 92% 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

The Netherlands represented the largest importing country with an import of about X tons, which finished at 74% of total imports. It was distantly followed by Belgium (X tons), creating a 25% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dried or smoked fish imports into the Netherlands stood at +3.9%. At the same time, Belgium (+5.9%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +5.9% from 2012-2021. From 2012 to 2021, the share of Belgium increased by +3.1 percentage points.

In value terms, the largest dried or smoked fish importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main importing countries, Belgium, with a CAGR of +6.3%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, surging by 2.9% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% 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 smoked fish import price decreased by -32.2% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 18%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%).

Source: IndexBox Platform