Belgium - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Belgium - 2023
Contents:
- Frozen Crustaceans Price in Belgium (CIF) - 2023
- Frozen Crustaceans Price in Belgium (FOB) - 2023
- Frozen Crustaceans Imports in Belgium
- Frozen Crustaceans Exports in Belgium
Frozen Crustaceans Price in Belgium (CIF) - 2023
In August 2023, the average frozen crustaceans import price amounted to $7,928 per ton, shrinking by -1.6% against the previous month. Overall, the import price saw a noticeable decrease. The pace of growth appeared the most rapid in May 2023 an increase of 4.2% m-o-m. The import price peaked at $12,077 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($19,902 per ton), while the price for Denmark ($1,250 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.2%), while the prices for the other major suppliers experienced a decline.
Frozen Crustaceans Price in Belgium (FOB) - 2023
The average frozen crustaceans export price stood at $8,404 per ton in August 2023, dropping by -7.2% against the previous month. In general, the export price saw a mild descent. The most prominent rate of growth was recorded in June 2023 an increase of 93% month-to-month. The export price peaked at $10,703 per ton in September 2022; however, from October 2022 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($11,824 per ton), while the average price for exports to Poland ($7,502 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Crustaceans Imports in Belgium
Frozen crustaceans imports into Belgium soared to 56K tons in 2022, picking up by 28% compared with 2021 figures. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, frozen crustaceans imports surged to $606M in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Crustaceans in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 66.3 | 93.8 | 107 | 165 | 35.5% |
| Vietnam | 32.9 | 61.6 | 69.8 | 98.2 | 44.0% |
| Bangladesh | 33.1 | 46.7 | 56.8 | 64.4 | 24.8% |
| Ecuador | 5.4 | 35.9 | 34.8 | 61.7 | 125.2% |
| Netherlands | 48.9 | 48.4 | 58.7 | 60.5 | 7.4% |
| Luxembourg | 0.1 | 0.1 | 19.8 | 27.2 | 547.9% |
| France | 15.9 | 13.2 | 16.6 | 14.8 | -2.4% |
| Others | 60.6 | 94.5 | 102 | 114 | 23.4% |
| Total | 263 | 394 | 466 | 606 | 32.1% |
Top Suppliers of Frozen Crustaceans to Belgium in 2022:
- India (19.0K tons)
- Vietnam (9.4K tons)
- Ecuador (8.2K tons)
- Bangladesh (4.9K tons)
- Netherlands (4.3K tons)
- Luxembourg (1.9K tons)
- France (1.3K tons)
Frozen Crustaceans Exports in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of frozen crustaceans, which increased by 29% to 41K tons in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 79%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, frozen crustaceans exports surged to $428M in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 105%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Frozen Crustaceans in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 34.6 | 134 | 143 | 183 | 74.2% |
| Netherlands | 20.4 | 56.4 | 61.5 | 78.9 | 57.0% |
| Spain | 18.0 | 26.0 | 31.9 | 52.7 | 43.1% |
| Germany | 19.9 | 27.0 | 30.2 | 44.3 | 30.6% |
| Denmark | 0.8 | 2.3 | 2.5 | 9.4 | 127.3% |
| Portugal | 10.5 | 9.9 | 9.9 | 8.4 | -7.2% |
| Luxembourg | 7.2 | 7.1 | 7.8 | 7.7 | 2.3% |
| Poland | 3.2 | 3.8 | 6.1 | 7.2 | 31.0% |
| Austria | 4.7 | 3.8 | 5.4 | 5.8 | 7.3% |
| Italy | 7.0 | 8.0 | 9.3 | 4.9 | -11.2% |
| United Kingdom | 4.6 | 5.4 | 5.5 | 4.8 | 1.4% |
| Others | 13.0 | 11.0 | 17.3 | 20.9 | 17.1% |
| Total | 144 | 294 | 331 | 428 | 43.8% |
Top Export Markets for Frozen Crustaceans from Belgium in 2022:
- France (16.9K tons)
- Netherlands (7.4K tons)
- Spain (4.9K tons)
- Germany (4.3K tons)
- Denmark (1.0K tons)
- Italy (0.8K tons)
- Portugal (0.8K tons)
- Poland (0.8K tons)
- Luxembourg (0.6K tons)
- Austria (0.6K tons)
- United Kingdom (0.4K tons)
This report provides an in-depth analysis of the frozen crustaceans market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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