Belgium - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in Belgium - 2023
Contents:
- Preserved Herring Price in Belgium (CIF) - 2023
- Preserved Herring Price in Belgium (FOB) - 2023
- Preserved Herring Imports in Belgium
- Preserved Herring Exports in Belgium
Preserved Herring Price in Belgium (CIF) - 2023
In May 2023, the average preserved herring import price amounted to $5,029 per ton, reducing by -6.3% against the previous month. Over the period under review, import price indicated temperate growth from May 2022 to May 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, preserved herring import price increased by +31.4% against February 2023 indices. The pace of growth was the most pronounced in October 2022 when the average import price increased by 42% month-to-month. Over the period under review, average import prices hit record highs at $5,368 per ton in April 2023, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($7,934 per ton), while the price for France ($2,474 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Sweden (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Herring Price in Belgium (FOB) - 2023
The average preserved herring export price stood at $5,011 per ton in May 2023, increasing by 2.1% against the previous month. Overall, export price indicated mild growth from May 2022 to May 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, preserved herring export price increased by +5.5% against February 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 30% against the previous month. As a result, the export price attained the peak level of $6,305 per ton. From January 2023 to May 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was the Netherlands ($10,586 per ton), while the average price for exports to the UK ($3,787 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Herring Imports in Belgium
In 2022, preserved herring imports into Belgium declined notably to 1.4K tons, reducing by -29.5% on the previous year. Overall, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year.
In value terms, preserved herring imports dropped notably to $5.7M in 2022. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year.
Import of Preserved Herring in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 4.8 | 3.6 | 3.4 | 2.9 | -15.5% |
Germany | 1.9 | 1.8 | 3.3 | 2.3 | 6.6% |
Sweden | 0.2 | 0.5 | 0.3 | 0.3 | 14.5% |
Denmark | 0.3 | 0.4 | N/A | N/A | 33.3% |
Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
Total | 7.3 | 6.4 | 7.2 | 5.7 | -7.9% |
Top Suppliers of Preserved Herring to Belgium in 2022:
- Netherlands (682.8 tons)
- Germany (613.2 tons)
- Sweden (84.3 tons)
Preserved Herring Exports in Belgium
After three years of growth, shipments abroad of herrings (prepared or preserved) decreased by -40.5% to 381 tons in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 343%. As a result, the exports reached the peak of 640 tons, and then declined significantly in the following year.
In value terms, preserved herring exports reduced dramatically to $1.7M in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 220% against the previous year. As a result, the exports attained the peak of $2.5M, and then dropped remarkably in the following year.
Export of Preserved Herring in Belgium (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | N/A | 1,787 | 889 | -50.3% |
Netherlands | 228 | 321 | 330 | 408 | 21.4% |
Luxembourg | 225 | 231 | 205 | 200 | -3.9% |
France | 211 | 209 | 139 | 186 | -4.1% |
Others | 74.5 | 9.0 | 5.0 | 6.6 | -55.4% |
Total | 738 | 771 | 2,466 | 1,690 | 31.8% |
Top Export Markets for Preserved Herring from Belgium in 2022:
- United Kingdom (251.0 tons)
- Netherlands (61.3 tons)
- Luxembourg (35.5 tons)
- France (32.5 tons)
This report provides an in-depth analysis of the preserved herring market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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