Benelux: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Benelux

The Benelux market for herring, salted or in brine declined slightly to $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.4% against 2020 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Herring, Salted Or In Brine in Benelux

In value terms, herring, salted or in brine production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 31% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Herring, Salted Or In Brine

Exports in Benelux

In 2022, overseas shipments of herring, salted or in brine decreased by -1.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 37% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, herring, salted or in brine exports shrank slightly to $X in 2022. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 26%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from the Netherlands (X tons), together accounting for 100% of total export.

The Netherlands was also the fastest-growing in terms of the herring, salted or in brine exports, with a CAGR of -4.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) also remains the largest herring, salted or in brine supplier in Benelux.

In the Netherlands, herring, salted or in brine exports plunged by an average annual rate of -6.5% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, waning by -1.8% against the previous year. In general, the export price saw a mild decline. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -1.7% per year.

Imports of Herring, Salted Or In Brine

Imports in Benelux

In 2022, overseas purchases of herring, salted or in brine increased by 111% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, herring, salted or in brine imports surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands represented the key importer of herring, salted or in brine in Benelux, with the volume of imports amounting to X tons, which was near 83% of total imports in 2022. It was distantly followed by Belgium (X tons), comprising a 17% share of total imports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of herring, salted or in brine. At the same time, Belgium (+6.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +6.5% from 2012-2022. While the share of Belgium (+7.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-7.3 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported herring, salted or in brine in Benelux, comprising 82% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports.

In the Netherlands, herring, salted or in brine imports shrank by an average annual rate of -6.3% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, which is down by -37.4% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2020 an increase of 59%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Belgium (-5.3%).

Source: IndexBox Platform

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