Benelux: Smoked Salmon Market 2024

Smoked Salmon Market Size in Benelux

The Benelux smoked salmon market shrank remarkably to $X in 2022, declining by -16.5% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -28.6% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Smoked Salmon Production in Benelux

In value terms, smoked salmon production fell to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.6% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 78%. 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.

Smoked Salmon Exports

Exports in Benelux

For the eleventh year in a row, Benelux recorded growth in overseas shipments of smoked pacific, atlantic and danube salmon, which increased by 6.8% to X tons in 2022. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, smoked salmon exports expanded remarkably to $X in 2022. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 26% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands was the key exporting country with an export of around X tons, which resulted at 71% of total exports. It was distantly followed by Belgium (X tons), constituting a 28% share of total exports.

Exports from the Netherlands increased at an average annual rate of +9.1% from 2012 to 2022. At the same time, Belgium (+12.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +12.7% from 2012-2022. From 2012 to 2022, the share of Belgium increased by +6.1 percentage points.

In value terms, the Netherlands ($X) remains the largest smoked salmon supplier in Benelux, comprising 70% of total exports. The second position in the ranking was held by Belgium ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +10.1%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, flattening at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 18%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 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 (+0.9%).

Smoked Salmon Imports

Imports in Benelux

In 2022, smoked salmon imports in Benelux shrank significantly to X tons, which is down by -22.2% compared with the previous year. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports reached the peak of X tons, and then fell significantly in the following year.

In value terms, smoked salmon imports shrank to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +25.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium represented the key importer of smoked pacific, atlantic and danube salmon in Benelux, with the volume of imports recording X tons, which was near 73% of total imports in 2022. It was distantly followed by the Netherlands (X tons), achieving a 23% share of total imports. Luxembourg (X tons) held a minor share of total imports.

Belgium was also the fastest-growing in terms of the smoked pacific, atlantic and danube salmon imports, with a CAGR of +3.2% from 2012 to 2022. Luxembourg experienced a relatively flat trend pattern. the Netherlands (-6.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported smoked pacific, atlantic and danube salmon in Benelux, comprising 72% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports.

In Belgium, smoked salmon imports expanded at an average annual rate of +5.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-0.0% per year) and Luxembourg (+2.4% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2013 when the import price increased by 25%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform