Benelux: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Benelux

In 2023, the Benelux frozen fish and seafood market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Production of Frozen Fish and Seafood in Benelux

In value terms, frozen fish and seafood production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Frozen Fish and Seafood

Exports in Benelux

In 2023, approx. X tons of frozen fish and seafood were exported in Benelux; increasing by X% compared with 2022 figures. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked in 2023 and is likely to see steady growth in the near future.

In value terms, frozen fish and seafood exports totaled $X in 2023. In general, exports saw notable growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

The Netherlands prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Belgium (X tons), achieving a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the frozen fish and seafood exports, with a CAGR of X% from 2012 to 2023. Belgium experienced a relatively flat trend pattern. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the Netherlands ($X) remains the largest frozen fish and seafood supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, frozen fish and seafood exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, waning by X% against the previous year. Export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish and seafood export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Frozen Fish and Seafood

Imports in Benelux

In 2023, purchases abroad of frozen fish and seafood increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Total imports indicated slight growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, frozen fish and seafood imports dropped to $X in 2023. Over the period under review, imports recorded a notable increase. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

The Netherlands was the key importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Belgium (X tons), committing a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the frozen fish and seafood imports, with a CAGR of X% from 2012 to 2023. Belgium experienced a relatively flat trend pattern. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported frozen fish and seafood in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands stood at X%.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform