Belgium: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Belgium

The Belgian non-wheat cereal pellets market soared to $X in 2021, rising by 17% against the previous year. Overall, consumption saw resilient growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Wheat Cereal Pellets Production in Belgium

In value terms, non-wheat cereal pellets production dropped to $X in 2021 estimated in export price. Overall, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 116% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Non-Wheat Cereal Pellets Exports

Exports from Belgium

In 2021, non-wheat cereal pellets exports from Belgium shrank to X tons, which is down by -4.6% against the previous year. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 55% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-wheat cereal pellets exports soared to $X in 2021. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 86%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for non-wheat cereal pellets exports from Belgium, with a 80% share of total exports. Moreover, non-wheat cereal pellets exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+22.2% per year) and Germany (+77.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for cereal pellets (excluding wheat) exports from Belgium, comprising 73% of total exports. The second position in the ranking was held by France ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.7% per year) and Germany (+64.9% per year).

Export Prices by Country

In 2021, the average non-wheat cereal pellets export price amounted to $X per ton, picking up by 42% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat cereal pellets export price increased by +80.8% against 2017 indices. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.1%), while the prices for the other major destinations experienced a decline.

Non-Wheat Cereal Pellets Imports

Imports into Belgium

In 2021, purchases abroad of cereal pellets (excluding wheat) increased by 54% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 127%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, non-wheat cereal pellets imports soared to $X in 2021. Overall, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when imports increased by 155%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of non-wheat cereal pellets imports to Belgium, with a combined 84% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +6.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest non-wheat cereal pellets suppliers to Belgium, together comprising 76% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +0.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-wheat cereal pellets import price amounted to $X per ton, dropping by -13.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :