Belgium - Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Belgium - Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Market Analysis, Forecast, Size, Trends And Insights

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Price for Seafood Meals and Pellets in Belgium - 2023

Contents:

  1. Price for Seafood Meals and Pellets in Belgium (CIF) - 2023
  2. Price for Seafood Meals and Pellets in Belgium (FOB) - 2022
  3. Imports of Seafood Meals and Pellets in Belgium
  4. Exports of Seafood Meals and Pellets in Belgium

Price for Seafood Meals and Pellets in Belgium (CIF) - 2023

The average seafood meals and pellets import price stood at $2,608 per ton in June 2023, remaining constant against the previous month. In general, import price indicated a temperate increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, seafood meals and pellets import price increased by +64.0% against December 2022 indices. The pace of growth was the most pronounced in January 2023 when the average import price increased by 38% against the previous month. The import price peaked at $2,626 per ton in May 2023, and then reduced modestly in the following month.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from France ($3,089 per ton) and Poland ($2,951 per ton), while the price for the Netherlands ($2,328 per ton) and Germany ($2,343 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seafood Meals and Pellets in Belgium (FOB) - 2022

The average seafood meals and pellets export price stood at $2,107 per ton in 2022, picking up by 9.8% against the previous year. Over the period under review, the export price continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2017 an increase of 202% against the previous year. As a result, the export price attained the peak level of $4,632 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($3,639 per ton), while the average price for exports to France ($1,693 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seafood Meals and Pellets in Belgium

For the fourth consecutive year, Belgium recorded growth in overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs, which increased by 5.3% to 5K tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, seafood meals and pellets imports expanded markedly to $11M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Seafood Meals and Pellets in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France1.02.73.43.450.4%
Netherlands1.21.82.62.934.2%
Denmark2.12.73.02.911.4%
Germany1.10.90.60.6-18.3%
NorwayN/AN/AN/A0.60%
MoroccoN/AN/AN/A0.30%
Others0.2N/A0.20.1-20.6%
Total5.68.29.910.824.5%

Top Suppliers of Seafood Meals and Pellets to Belgium in 2022:

  1. Netherlands (1482.0 tons)
  2. France (1429.8 tons)
  3. Denmark (1287.9 tons)
  4. Germany (330.3 tons)
  5. Morocco (209.2 tons)
  6. Norway (186.6 tons)

Exports of Seafood Meals and Pellets in Belgium

For the fourth year in a row, Belgium recorded growth in overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs, which increased by 3.7% to 579 tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, seafood meals and pellets exports totaled $1.2M in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Export of Seafood Meals and Pellets in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France13742039478979.2%
TurkeyN/A68.691.310926.1%
Netherlands0.320.378.686.7561.1%
Thailand13.813714566.769.1%
Armenia26.1N/A89.939.715.0%
DenmarkN/AN/A65.5N/A0%
United Arab Emirates323N/AN/AN/A0%
Myanmar46.4N/A97.3N/A44.8%
Others18.257.010812891.6%
Total5657021,0701,21929.2%

Top Export Markets for Seafood Meals and Pellets from Belgium in 2022:

  1. France (465.9 tons)
  2. Netherlands (33.2 tons)
  3. Turkey (29.9 tons)
  4. Thailand (20.3 tons)
  5. Armenia (18.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for seafood meals and pellets 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 10204100 - Flours, meals and pellets of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Belgium