Belgium: Coffee Extract Market 2024

Coffee Extract Market Size in Belgium

The Belgian coffee extract market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a slight reduction. Coffee extract consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Coffee Extract Production in Belgium

In value terms, coffee extract production expanded modestly to $X in 2021 estimated in export price. In general, production, however, saw a noticeable contraction. The growth pace was the most rapid in 2017 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Coffee Extract Exports

Exports from Belgium

After two years of growth, overseas shipments of coffee extracts, essences and concentrates decreased by -4.3% to X tons in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 17%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, coffee extract exports stood at $X in 2021. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 23% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for coffee extract exports from Belgium, with a 66% share of total exports. Moreover, coffee extract exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. The UK (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+5.3% per year) and the UK (+32.5% per year).

In value terms, Germany ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Belgium, comprising 61% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.3% per year) and the UK (+25.7% per year).

Export Prices by Country

In 2021, the average coffee extract export price amounted to $X per ton, rising by 5.7% against the previous year. Overall, the export price, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 9.5% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 Luxembourg ($X per ton), while the average price for exports to Spain ($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 Spain (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Belgium

In 2021, overseas purchases of coffee extracts, essences and concentrates increased by 14% to X tons, rising for the fourth year in a row after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, coffee extract imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a slight contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of coffee extract imports to Belgium, together accounting for 62% of total imports. Poland, the UK, India, Colombia, Spain and Brazil lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coffee extract suppliers to Belgium were Germany ($X), France ($X) and the Netherlands ($X), with a combined 61% share of total imports. These countries were followed by Poland, Colombia, the UK, India, Spain and Brazil, which together accounted for a further 28%.

India, with a CAGR of +21.9%, recorded the highest growth rate of the value of imports, in terms of 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 coffee extract import price stood at $X per ton in 2021, picking up by 10% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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