Belgium - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Fish and Seafood in Belgium - 2023
Contents:
- Price for Frozen Fish and Seafood in Belgium (CIF) - 2022
- Price for Frozen Fish and Seafood in Belgium (FOB) - 2022
- Imports of Frozen Fish and Seafood in Belgium
- Exports of Frozen Fish and Seafood in Belgium
Price for Frozen Fish and Seafood in Belgium (CIF) - 2022
In 2022, the average frozen fish and seafood import price amounted to $8,418 per ton, growing by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($13,926 per ton), while the price for China ($4,518 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Fish and Seafood in Belgium (FOB) - 2022
The average frozen fish and seafood export price stood at $8,567 per ton in 2022, surging by 8% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 an increase of 11%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Luxembourg ($9,164 per ton) and Poland ($9,060 per ton), while the average price for exports to Italy ($6,930 per ton) and the UK ($7,289 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Fish and Seafood in Belgium
In 2022, the amount of frozen fish and seafood imported into Belgium rose sharply to 111K tons, surging by 11% compared with 2021. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, frozen fish and seafood imports surged to $933M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Frozen Fish and Seafood in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 67.9 | 98.2 | 114 | 166 | 34.7% |
| Netherlands | 112 | 114 | 136 | 134 | 6.2% |
| Vietnam | 48.4 | 87.8 | 89.1 | 133 | 40.1% |
| Bangladesh | 33.1 | 47.0 | 57.4 | 61.6 | 23.0% |
| Ecuador | 5.4 | 36.3 | 35.0 | 58.7 | 121.5% |
| China | 54.2 | 74.4 | 75.0 | 51.9 | -1.4% |
| France | 37.7 | 34.0 | 39.1 | 37.7 | 0.0% |
| Denmark | 30.2 | 30.9 | 30.9 | 34.8 | 4.8% |
| Luxembourg | 0.3 | 0.2 | 20.1 | 26.1 | 343.1% |
| Germany | 24.0 | 26.9 | 28.4 | 24.7 | 1.0% |
| Chile | 15.0 | 25.5 | 17.4 | 24.6 | 17.9% |
| United States | 3.9 | 7.9 | 8.3 | 14.6 | 55.3% |
| Spain | 10.5 | 8.8 | 11.0 | 12.8 | 6.8% |
| Others | 80.3 | 150 | 133 | 153 | 24.0% |
| Total | 523 | 742 | 794 | 933 | 21.3% |
Top Suppliers of Frozen Fish and Seafood to Belgium in 2022:
- India (20.0K tons)
- Vietnam (16.7K tons)
- Netherlands (15.7K tons)
- China (11.5K tons)
- Ecuador (8.0K tons)
- Bangladesh (4.7K tons)
- France (4.3K tons)
- Denmark (4.2K tons)
- Germany (3.0K tons)
- Chile (2.7K tons)
- Spain (2.0K tons)
- Luxembourg (1.9K tons)
- United States (1.9K tons)
Exports of Frozen Fish and Seafood in Belgium
In 2022, the amount of frozen fish and seafood exported from Belgium reached 68K tons, with an increase of 11% against the previous year. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 105%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, frozen fish and seafood exports soared to $582M in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 104% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Fish and Seafood in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 53.0 | 217 | 212 | 255 | 68.8% |
| Netherlands | 41.0 | 88.4 | 87.6 | 109 | 38.5% |
| Germany | 37.8 | 44.8 | 46.4 | 62.8 | 18.4% |
| Spain | 20.0 | 33.9 | 37.8 | 57.4 | 42.1% |
| Luxembourg | 15.9 | 15.3 | 15.9 | 15.3 | -1.3% |
| Denmark | 1.3 | 4.4 | 4.1 | 13.0 | 115.4% |
| Portugal | 10.6 | 9.9 | 9.9 | 7.9 | -9.3% |
| United Kingdom | 5.2 | 11.0 | 15.5 | 7.7 | 14.0% |
| Italy | 12.1 | 9.6 | 11.6 | 6.3 | -19.6% |
| Others | 32.5 | 33.3 | 43.9 | 47.7 | 13.6% |
| Total | 229 | 467 | 485 | 582 | 36.5% |
Top Export Markets for Frozen Fish and Seafood from Belgium in 2022:
- France (28.8K tons)
- Netherlands (12.7K tons)
- Germany (7.5K tons)
- Spain (6.7K tons)
- Denmark (1.8K tons)
- Luxembourg (1.7K tons)
- United Kingdom (1.1K tons)
- Italy (0.9K tons)
- Portugal (0.7K tons)
This report provides an in-depth analysis of the market for frozen fish and seafood 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
- Prodcom 10203200 - Molluscs (scallops, mussels, cuttle fish, squid and octopus), frozen, dried, smoked, salted or in brine
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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