Belgium: Biological Product Market 2025

Biological Product Market Size in Belgium

In 2022, the Belgian biological product market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Biological Product Production in Belgium

In value terms, biological product production soared to $X in 2022 estimated in export price. In general, production, however, posted a notable increase. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Biological Product Exports

Exports from Belgium

In 2022, shipments abroad of biological products decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, showed a perceptible increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, biological product exports contracted notably to $X in 2022. Over the period under review, exports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of biological product exports from Belgium, with a combined X% share of total exports. Italy, Spain, the United States, Russia, Brazil, Switzerland, the UK, Turkey, Poland and Mexico lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for biological product exported from Belgium were Germany ($X), the United States ($X) and France ($X), with a combined X% share of total exports. The UK, Italy, Switzerland, Spain, Russia, the Netherlands, Brazil, Turkey, Poland and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average biological product export price amounted to $X,352 per ton, picking up by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X,543 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X,201 per ton), while the average price for exports to Mexico ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Belgium

In 2022, supplies from abroad of biological products decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell significantly in the following year.

In value terms, biological product imports contracted significantly to $X in 2022. Overall, imports, however, saw a temperate increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Ireland (X tons) constituted the largest biological product supplier to Belgium, accounting for a X% share of total imports. Moreover, biological product imports from Ireland exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and the Netherlands (X% per year).

In value terms, Switzerland ($X), Ireland ($X) and the United States ($X) appeared to be the largest biological product suppliers to Belgium, together comprising X% of total imports. The Netherlands, Germany, Singapore, France and China lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average biological product import price amounted to $X per kg, picking up by X% against the previous year. Overall, the import price saw buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per kg), while the price for China ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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