Benelux: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Benelux

In 2022, after two years of growth, there was significant decline in the Benelux fish fat and oil market, when its value decreased by -19.5% to $X. In general, consumption continues to indicate a pronounced curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Fish Fats And Oils in Benelux

In value terms, fish fat and oil production rose significantly to $X in 2022 estimated in export price. In general, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 144%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports in Benelux

After two years of growth, overseas shipments of fish fats and oils decreased by -70.5% to X tons in 2022. In general, exports saw a pronounced contraction. The growth pace was the most rapid in 2020 when exports increased by 199%. The volume of export peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, fish fat and oil exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 when exports increased by 155% against the previous year. The level of export peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

The Netherlands prevails in exports structure, accounting for X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Belgium (X tons), constituting a 10% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of fish fats and oils. Belgium (-17.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +30 percentage points.

In value terms, the Netherlands ($X) remains the largest fish fat and oil supplier in Benelux, comprising 93% of total exports. The second position in the ranking was taken by Belgium ($X), with a 6.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled -2.6%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, with an increase of 31% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%).

Imports of Fish Fats And Oils

Imports in Benelux

After four years of growth, overseas purchases of fish fats and oils decreased by -67.7% to X tons in 2022. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 90% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted significantly in the following year.

In value terms, fish fat and oil imports fell remarkably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) was the main importer of fish fats and oils, creating 87% of total imports. It was distantly followed by Belgium (X tons), achieving a 13% share of total imports.

The Netherlands was also the fastest-growing in terms of the fish fats and oils imports, with a CAGR of -5.4% from 2012 to 2022. Belgium (-14.8%) illustrated a downward trend over the same period. The Netherlands (+17 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -17% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported fish fats and oils in Benelux, comprising 84% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports.

In the Netherlands, fish fat and oil imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, rising by 47% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil import price increased by +59.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.8%).

Source: IndexBox Platform