Belgium: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Belgium

The Belgian frozen catfish fillets market totaled $X in 2020, growing by X% against the previous year. In general, consumption, however, continues to indicate a moderate increase. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Frozen catfish fillets consumption peaked in 2020 and is likely to see steady growth in the near future.

Frozen Catfish Fillets Production in Belgium

In value terms, frozen catfish fillets production contracted slightly to $X in 2020 estimated in export prices. Overall, production, however, showed a significant expansion. The growth pace was the most rapid in 2010 when the production volume increased by X% y-o-y. Frozen catfish fillets production peaked at $X in 2019, and then declined in the following year.

Frozen Catfish Fillets Exports

Exports from Belgium

In 2020, approx. X tons of frozen catfish fillets were exported from Belgium; with a decrease of -X% compared with 2019. Over the period under review, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, frozen catfish fillets exports dropped slightly to $X in 2020. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main destinations of frozen catfish fillets exports from Belgium, with a combined X% share of total exports. These countries were followed by Luxembourg, Greece and Sweden, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for frozen catfish fillets exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the Netherlands stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and France (-X% per year).

Export Prices by Country

The average frozen catfish fillets export price stood at $X per ton in 2020, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Greece ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Catfish Fillets Imports

Imports into Belgium

In 2020, purchases abroad of frozen catfish fillets was finally on the rise to reach X tons after twelve years of decline. In general, imports, however, recorded a abrupt contraction. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, frozen catfish fillets imports contracted to $X in 2020. Over the period under review, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Vietnam (X tons) constituted the largest frozen catfish fillets supplier to Belgium, with a X% share of total imports. Moreover, frozen catfish fillets imports from Vietnam exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam stood at -X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish fillets to Belgium, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam amounted to -X%.

Import Prices by Country

The average frozen catfish fillets import price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2019, and then shrank in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Vietnam amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands.

Source: IndexBox Market Intelligence Platform

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