Benelux: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Benelux

The Benelux frozen crustaceans market shrank to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell in the following year.

Frozen Crustaceans Production in Benelux

In value terms, frozen crustaceans production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Frozen Crustaceans Exports

Exports in Benelux

In 2022, shipments abroad of frozen crustaceans decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced dramatically in the following year.

In value terms, frozen crustaceans exports declined dramatically to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% 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 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank markedly in the following year.

Exports by Country

The Netherlands was the largest exporter of frozen crustaceans in Benelux, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belgium (X tons), committing a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the frozen crustaceans exports, with a CAGR of X% from 2012 to 2022. Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

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

In the Netherlands, frozen crustaceans exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 (X%).

Frozen Crustaceans Imports

Imports in Benelux

In 2022, overseas purchases of frozen crustaceans decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, frozen crustaceans imports dropped to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by X%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the Netherlands (X tons) represented the largest importer of frozen crustaceans, generating X% of total imports. It was distantly followed by Belgium (X tons), comprising a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the frozen crustaceans imports, with a CAGR of X% from 2012 to 2022. Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by X percentage points.

In value terms, the largest frozen crustaceans importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of X%, 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

In 2022, the import price in Benelux amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably 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 the Netherlands (X%).

Source: IndexBox Platform