Price for Fish Meal; Fit for Human Consumption in Belgium - 2022

Contents:

1. Price for Fish Meal; Fit for Human Consumption in Belgium (CIF) - 2022
2. Price for Fish Meal; Fit for Human Consumption in Belgium (FOB) - 2022
3. Imports of Fish Meal; Fit for Human Consumption in Belgium
4. Exports of Fish Meal; Fit for Human Consumption in Belgium

Price for Fish Meal; Fit for Human Consumption in Belgium (CIF) - 2022

The average import price for fish meal; fit for human consumptia stood at $10,041 per ton in 2022, dropping by -10% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 43%. Over the period under review, average import prices hit record highs at $22,191 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($31,382 per ton), while the price for the Netherlands ($3,084 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.5%), while the prices for the other major suppliers experienced a decline.

Price for Fish Meal; Fit for Human Consumption in Belgium (FOB) - 2022

The average export price for fish meal; fit for human consumptia stood at $35,626 per ton in 2022, picking up by 4.8% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 33%. The export price peaked at $38,150 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($58,491 per ton), while the average price for exports to France ($14,821 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 Spain (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fish Meal; Fit for Human Consumption in Belgium

In 2022, imports of fish meal; fit for human consumptia into Belgium skyrocketed to 80 tons, jumping by 42% against the previous year's figure. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 63%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fish meal; fit for human consumptia skyrocketed to $804K in 2022. Over the period under review, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 40%. As a result, imports reached the peak of $978K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Fish Meal; Fit for Human Consumption to Belgium in 2022:

1. Sweden (39.2 tons)
2. Hungary (20.0 tons)
3. France (10.9 tons)
4. Netherlands (6.5 tons)
5. United Kingdom (2.7 tons)

Exports of Fish Meal; Fit for Human Consumption in Belgium

Exports of fish meal; fit for human consumptia from Belgium reached 6.8 tons in 2022, with an increase of 3.5% on the year before. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of 7.4 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fish meal; fit for human consumptia rose significantly to $242K in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 13%. As a result, the exports attained the peak of $261K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Fish Meal; Fit for Human Consumption from Belgium in 2022:

1. Netherlands (5.7 tons)
2. France (0.7 tons)
3. Spain (0.2 tons)
4. Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform