Benelux: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Benelux

In 2021, the Benelux fresh fish fillet market decreased by -8% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Fresh Fish Fillet Production in Benelux

In value terms, fresh fish fillet production dropped modestly to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.2% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

Fresh Fish Fillet Exports

Exports in Benelux

In 2021, exports of fresh or chilled fish fillets in Benelux soared to X tons, increasing by 25% compared with the year before. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, fresh fish fillet exports surged to $X in 2021. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands was the key exporter of fresh or chilled fish fillets in Benelux, with the volume of exports accounting for X tons, which was near 82% of total exports in 2021. It was distantly followed by Belgium (X tons), creating an 18% share of total exports.

The Netherlands was also the fastest-growing in terms of the fresh or chilled fish fillets exports, with a CAGR of +8.9% from 2012 to 2021. At the same time, Belgium (+2.8%) displayed positive paces of growth. While the share of the Netherlands (+9.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-9 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest fresh fish fillet supplier in Benelux, comprising 81% of total exports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +15.3%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, picking up by 7.6% against the previous year. Over the last nine years, it increased at an average annual rate of +4.8%. The growth pace was the most rapid in 2017 an increase of 14%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+5.9%).

Fresh Fish Fillet Imports

Imports in Benelux

In 2021, purchases abroad of fresh or chilled fish fillets increased by 12% to X tons, rising for the sixth consecutive year after two years of decline. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.6% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fresh fish fillet imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +110.2% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 32%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) prevails in imports structure, together comprising 98% of total imports. Luxembourg (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +6.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest fresh fish fillet importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

The Netherlands, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, picking up by 6.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2016 an increase of 7.8% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, 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 Luxembourg (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform