Benelux: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Benelux

The Benelux market for fresh or chilled salmonoids meat fell remarkably to $X in 2022, waning by -72.6% against the previous year. In general, consumption continues to indicate a dramatic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Meat in Benelux

In value terms, fresh or chilled salmonoids meat production expanded to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 151% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in Benelux

In 2022, the amount of fresh or chilled salmonoids meat exported in Benelux dropped to X tons, falling by -8.9% compared with the previous year. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 144% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids meat exports reduced dramatically to $X in 2022. Overall, exports, however, saw a pronounced increase. The pace of growth appeared the most rapid in 2014 when exports increased by 202%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) represented roughly 100% of total exports in 2022.

The Netherlands was also the fastest-growing in terms of the fresh or chilled salmonoids meat exports, with a CAGR of +5.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) also remains the largest fresh or chilled salmonoids meat supplier in Benelux.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +4.7%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, reducing by -45.3% against the previous year. Overall, the export price continues to indicate a slight reduction. The growth pace was the most rapid in 2020 when the export price increased by 58% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -0.9% per year.

Imports of Fresh Or Chilled Salmonoids Meat

Imports in Benelux

In 2022, the amount of fresh or chilled salmonoids meat imported in Benelux contracted sharply to X tons, with a decrease of -73.2% against the previous year's figure. Overall, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 54% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat imports declined remarkably to $X in 2022. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium was the major importer of fresh or chilled salmonoids meat in Benelux, with the volume of imports accounting for X tons, which was near 68% of total imports in 2022. It was distantly followed by the Netherlands (X tons), creating a 32% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled salmonoids meat imports into Belgium stood at -24.9%. At the same time, the Netherlands (+31.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +31.2% from 2012-2022. While the share of the Netherlands (+32 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-30 p.p.) displayed negative dynamics.

In value terms, the largest fresh or chilled salmonoids meat importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 25% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids meat import price increased by +96.9% against 2015 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 the Netherlands ($X per ton), while Belgium 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