Benelux: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Benelux

In 2021, the Benelux frozen whole fish market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Whole Fish Production in Benelux

In value terms, frozen whole fish production contracted modestly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 60%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Frozen Whole Fish Exports

Exports in Benelux

In 2021, approx. X tons of frozen whole fish were exported in Benelux; waning by -5.6% compared with 2020 figures. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, frozen whole fish exports contracted slightly to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. The level of export peaked at $X in 2020, and then dropped modestly in the following year.

Exports by Country

The Netherlands dominates exports structure, reaching X tons, which was near 98% of total exports in 2021. Belgium (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the frozen whole fish exports, with a CAGR of +2.9% from 2012 to 2021. At the same time, Belgium (+2.1%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest frozen whole fish supplier in Benelux, comprising 97% of total exports. The second position in the ranking was taken by Belgium ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands amounted to +2.1%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, increasing by 3.6% against the previous year. Over the period under review, the export price, however, saw a slight slump. The pace of growth appeared the most rapid in 2019 an increase of 12% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices 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 totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.8%).

Frozen Whole Fish Imports

Imports in Benelux

In 2021, overseas purchases of frozen whole fish increased by 1.4% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 49%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, frozen whole fish imports totaled $X in 2021. In general, imports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 95% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The Netherlands dominates imports structure, amounting to X tons, which was near 97% of total imports in 2021. Belgium (X tons) took a minor share of total imports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of frozen whole fish. Belgium (-1.2%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported frozen whole fish in Benelux, comprising 92% of total imports. The second position in the ranking was held by Belgium ($X), with a 7.2% share of total imports.

In the Netherlands, frozen whole fish imports increased at an average annual rate of +2.6% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2020 an increase of 31%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%).

Source: IndexBox Platform