Belgium: Cream Fresh Market 2024

Cream Fresh Market Size in Belgium

After three years of decline, the Belgian cream fresh market increased by 93% to $X in 2022. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cream Fresh Production in Belgium

In value terms, cream fresh production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 34% against the previous year. Cream fresh production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cream Fresh Exports

Exports from Belgium

Cream fresh exports from Belgium contracted to X tons in 2022, shrinking by -6.8% compared with the year before. Overall, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 26%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cream fresh exports expanded significantly to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +41.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of cream fresh exports from Belgium, together accounting for 78% of total exports. Italy, China, Greece and Luxembourg lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +56.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest markets for cream fresh exported from Belgium worldwide, with a combined 76% share of total exports. Italy, China, Greece and Luxembourg lagged somewhat behind, together comprising a further 15%.

China, with a CAGR of +72.1%, saw the highest growth rate of the value of exports, among 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

The average cream fresh export price stood at $X per ton in 2022, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2017 an increase of 33%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Greece ($X per ton), while the average price for exports to Luxembourg ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Belgium

In 2022, purchases abroad of cream fresh was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 147%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cream fresh imports surged to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cream fresh to Belgium, with a 84% share of total imports. Moreover, cream fresh imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. France (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.4% per year) and France (-7.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cream fresh to Belgium, comprising 81% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by France, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.8% per year) and France (-7.7% per year).

Import Prices by Country

The average cream fresh import price stood at $X per ton in 2022, rising by 50% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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