Benelux: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Benelux

In 2022, the Benelux market for fish fillets and other fish meat increased by 37% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Fish Fillets and Other Fish Meat in Benelux

In value terms, production of fish fillets and other fish meat soared to $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 95% against the previous year. The level of production peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Fish Fillets and Other Fish Meat

Exports in Benelux

In 2022, after six years of growth, there was significant decline in shipments abroad of fish fillets and other fish meat, when their volume decreased by -28.2% to X tons. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year. The volume of export peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, exports of fish fillets and other fish meat dropped markedly to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 43%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

The Netherlands dominates meat structure, recording X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Belgium (X tons), generating a 6.8% share of total exports.

The Netherlands was also the fastest-growing in terms of the fish fillets and other fish meat exports, with a CAGR of +5.6% from 2012 to 2022. Belgium (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +16 percentage points.

In value terms, the Netherlands ($X) remains the largest fish fillets and other fish meat supplier in Benelux, comprising 92% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.8% share of total exports.

In the Netherlands, exports of fish fillets and other fish meat expanded at an average annual rate of +8.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%).

Imports of Fish Fillets and Other Fish Meat

Imports in Benelux

In 2022, overseas purchases of fish fillets and other fish meat decreased by -31.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a mild curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 30%. The volume of import peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, imports of fish fillets and other fish meat fell significantly to $X in 2022. Total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year. The level of import peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

The Netherlands represented the key importer of fish fillets and other fish meat in Benelux, with the volume of imports resulting at X tons, which was near 71% of total imports in 2022. It was distantly followed by Belgium (X tons), making up a 27% share of total imports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of fish fillets and other fish meat. Belgium (-3.5%) illustrated a downward trend over the same period. The Netherlands (+7.5 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -7.6% from 2012 to 2022, respectively.

In value terms, the largest fish fillets and other fish meat importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +2.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, with an increase of 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 when the import price increased by 6.9% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%).

Source: IndexBox Platform