Benelux: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Benelux

The Benelux inedible fish products market fell to $X in 2022, which is down by -1.7% against the previous year. Over the period under review, consumption recorded a remarkable increase. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Inedible Fish Products Production in Benelux

In value terms, inedible fish products production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Inedible Fish Products Exports

Exports in Benelux

In 2022, after three years of growth, there was significant decline in shipments abroad of inedible fish products, when their volume decreased by -28.9% to X tons. Over the period under review, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 76% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, inedible fish products exports fell sharply to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 41%. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The Netherlands prevails in exports structure, accounting for X tons, which was approx. 94% of total exports in 2022. It was distantly followed by Belgium (X tons), generating a 6.2% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -2.9% from 2012 to 2022. Belgium (-1.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest inedible fish products supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main exporting countries, Belgium, with a CAGR of +12.8%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by 8.8% against the previous year. In general, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 130% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.6%).

Inedible Fish Products Imports

Imports in Benelux

In 2022, supplies from abroad of inedible fish products increased by 48% to X tons, rising for the fourth consecutive year after five years of decline. Over the period under review, imports, however, saw a abrupt setback. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, inedible fish products imports dropped slightly to $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. The level of import peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) represented the main importer of inedible fish products, committing 86% of total imports. It was distantly followed by Belgium (X tons), committing a 14% share of total imports.

Imports into the Netherlands decreased at an average annual rate of -10.9% from 2012 to 2022. Belgium (-3.5%) illustrated a downward trend over the same period. Belgium (+7.3 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -7.4% from 2012 to 2022, respectively.

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022.

Belgium, with a CAGR of +12.5%, saw 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 a decrease of -35% against the previous year. In general, the import price, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 when the import price increased by 135% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices 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 (+19.4%).

Source: IndexBox Platform