Belgium: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Belgium

In 2020, the Belgian frozen salmonoids market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed buoyant growth. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Frozen salmonoids consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Frozen Salmonoids Production in Belgium

In value terms, frozen salmonoids production dropped modestly to $X in 2020 estimated in export prices. In general, production showed a slight shrinkage. The pace of growth was the most pronounced in 2008 when the production volume increased by X% against the previous year. Frozen salmonoids production peaked at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Frozen Salmonoids Exports

Exports from Belgium

Frozen salmonoids exports from Belgium dropped dramatically to X tons in 2020, which is down by -X% on 2019 figures. In general, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of X tons. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen salmonoids exports reduced remarkably to $X in 2020. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

Gabon (X tons) was the main destination for frozen salmonoids exports from Belgium, accounting for a X% share of total exports. Moreover, frozen salmonoids exports to Gabon exceeded the volume sent to the second major destination, France (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Gabon stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Luxembourg (-X% per year).

In value terms, France ($X), Luxembourg ($X) and Gabon ($X) appeared to be the largest markets for frozen salmonoids exported from Belgium worldwide, with a combined X% share of total exports.

Gabon recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average frozen salmonoids export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a tangible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen salmonoids export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Gabon ($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 France, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Salmonoids Imports

Imports into Belgium

In 2020, supplies from abroad of frozen salmonoids decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, frozen salmonoids imports skyrocketed to $X in 2020. Overall, total imports indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons), France (X tons) and the UK (X tons) were the main suppliers of frozen salmonoids imports to Belgium, together accounting for X% of total imports. These countries were followed by Poland, which accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average frozen salmonoids import price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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