Belgium: Durum Wheat Market 2024

Durum Wheat Market Size in Belgium

In 2022, the Belgian durum wheat market decreased by -18.4% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a perceptible decrease. Durum wheat consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Durum Wheat Production in Belgium

In value terms, durum wheat production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 51% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of durum wheat in Belgium stood at X tons per ha in 2022, picking up by 7.2% against the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, the average durum wheat yield reached the peak level at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The durum wheat harvested area in Belgium dropped modestly to X ha in 2022, declining by -3.5% on 2021. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.5%. The durum wheat harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Durum Wheat Exports

Exports from Belgium

In 2022, shipments abroad of durum wheat decreased by -75.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 100%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, durum wheat exports contracted remarkably to $X in 2022. Over the period under review, exports faced a deep reduction. The growth pace was the most rapid in 2020 with an increase of 97% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for durum wheat exports from Belgium, accounting for a 74% share of total exports. Moreover, durum wheat exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), sevenfold. Germany (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.8% per year) and Germany (-29.6% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for durum wheat exports from Belgium, comprising 55% of total exports. The second position in the ranking was taken by Italy ($X), with a 24% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-8.7% per year) and France (-12.0% per year).

Export Prices by Country

In 2022, the average durum wheat export price amounted to $X per ton, rising by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 France (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Durum Wheat Imports

Imports into Belgium

In 2022, supplies from abroad of durum wheat decreased by -73.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 182% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, durum wheat imports fell significantly to $X in 2022. In general, imports recorded a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 146% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest durum wheat supplier to Belgium, accounting for a 60% share of total imports. Moreover, durum wheat imports from France exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-18.5% per year) and the Netherlands (-2.8% per year).

In value terms, France ($X) constituted the largest supplier of durum wheat to Belgium, comprising 57% of total imports. The second position in the ranking was held by Canada ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-17.4% per year) and the Netherlands (-0.8% per year).

Import Prices by Country

In 2022, the average durum wheat import price amounted to $X per ton, with an increase of 35% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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