Belgium: Preserved Olive Market 2025

Preserved Olive Market Size in Belgium

After four years of growth, the Belgian preserved olive market decreased by -5.3% to $X in 2021. Overall, consumption, however, enjoyed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Preserved Olive Production in Belgium

In value terms, preserved olive production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.2% against 2014 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 70%. Preserved olive production peaked at $X in 2020, and then declined in the following year.

Preserved Olive Exports

Exports from Belgium

For the fourth year in a row, Belgium recorded growth in shipments abroad of olives prepared or preserved, which increased by 2.6% to X tons in 2021. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 140%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved olive exports rose significantly to $X in 2021. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 54%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of preserved olive exports from Belgium, with a combined 85% share of total exports. The UK, Luxembourg, Ireland and Switzerland lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +196.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for preserved olive exported from Belgium worldwide, together comprising 79% of total exports. These countries were followed by the UK, Luxembourg, Ireland and Switzerland, which together accounted for a further 15%.

Among the main countries of destination, the UK, with a CAGR of +189.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved olive export price stood at $X per ton in 2021, picking up by 3.8% against the previous year. In general, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Germany ($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 Luxembourg (+5.6%), while the prices for the other major destinations experienced a decline.

Preserved Olive Imports

Imports into Belgium

In 2021, after two years of growth, there was significant decline in overseas purchases of olives prepared or preserved, when their volume decreased by -9.1% to X tons. In general, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 51%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, preserved olive imports rose remarkably to $X in 2021. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 62%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Greece (X tons), Morocco (X tons) and Turkey (X tons) were the main suppliers of preserved olive imports to Belgium, with a combined 77% share of total imports. These countries were followed by the Netherlands and Spain, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Greece ($X) and Turkey ($X) were the largest preserved olive suppliers to Belgium, together accounting for 75% of total imports.

The Netherlands, with a CAGR of +29.5%, 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

In 2021, the average preserved olive import price amounted to $X per ton, increasing by 17% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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