Belgium: Cheese And Curd Market 2024

Cheese And Curd Market Size in Belgium

In 2022, the Belgian cheese and curd market increased by 2.8% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Cheese And Curd Production in Belgium

In value terms, cheese and curd production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 9.4% against the previous year. As a result, production attained the peak level of $X, and then contracted slightly in the following year.

Cheese And Curd Exports

Exports from Belgium

In 2022, overseas shipments of cheese and curd decreased by -25% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, cheese and curd exports reduced to $X in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.2% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 21%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The Netherlands (X tons), Italy (X tons) and France (X tons) were the main destinations of cheese and curd exports from Belgium, with a combined 52% share of total exports. The UK, Spain, Germany, Luxembourg, Japan and South Korea lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +32.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Italy ($X) appeared to be the largest markets for cheese and curd exported from Belgium worldwide, with a combined 51% share of total exports. The UK, Germany, Spain, Luxembourg, South Korea and Japan lagged somewhat behind, together accounting for a further 34%.

South Korea, with a CAGR of +31.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 cheese and curd export price amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Japan (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Belgium

After six years of growth, purchases abroad of cheese and curd decreased by -21.4% to X tons in 2022. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, cheese and curd imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main suppliers of cheese and curd imports to Belgium, with a combined 81% share of total imports. Italy, Ireland and Denmark lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest cheese and curd suppliers to Belgium, with a combined 80% share of total imports. Italy, Ireland and Denmark lagged somewhat behind, together comprising a further 15%.

Italy, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cheese and curd import price stood at $X per ton in 2022, surging by 10% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and the Netherlands ($X per ton), while the price for Germany ($X per ton) and Ireland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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