Belgium: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Belgium

The Belgian inedible fish products market expanded slightly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, posted a buoyant increase. Inedible fish products consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Inedible Fish Products Production in Belgium

In value terms, inedible fish products production amounted to $X in 2022 estimated in export price. In general, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Inedible Fish Products Exports

Exports from Belgium

In 2022, approx. X tons of inedible fish products were exported from Belgium; reducing by X% against 2021. Over the period under review, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, inedible fish products exports declined dramatically to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for inedible fish products exports from Belgium, accounting for a X% share of total exports. Moreover, inedible fish products exports to the Netherlands exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by Greece (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Greece (X% per year).

In value terms, Greece ($X) remains the key foreign market for inedible fish products exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average inedible fish products export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Poland ($X 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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into Belgium

In 2022, purchases abroad of inedible fish products increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, inedible fish products imports reduced to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Russia (X tons) and Denmark (X tons) were the main suppliers of inedible fish products imports to Belgium, together accounting for X% of total imports. The United States, the Netherlands, Poland, Germany, the Czech Republic and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of inedible fish products to Belgium, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, posted resilient growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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