Belgium: Peanut Butter Market 2025

Peanut Butter Market Size in Belgium

The Belgian peanut butter market soared to $X in 2022, increasing by 24% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Peanut Butter Production in Belgium

In value terms, peanut butter production stood at $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.4% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Peanut Butter Exports

Exports from Belgium

After three years of growth, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -14.3% to X tons in 2022. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 82%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, peanut butter exports reduced remarkably to $X in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 88%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

France (X tons), the UK (X tons) and Germany (X tons) were the main destinations of peanut butter exports from Belgium, with a combined 84% share of total exports.

From 2012 to 2022, 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 +77.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) appeared to be the largest markets for peanut butter exported from Belgium worldwide, together accounting for 83% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +70.5%, saw the highest rates of growth with regard to 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

In 2022, the average peanut butter export price amounted to $X per ton, with a decrease of -9.8% against the previous year. Overall, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of 18%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 the Netherlands ($X per ton), while the average price for exports to Sweden ($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 the Netherlands (+0.9%), while the prices for the other major destinations experienced a decline.

Peanut Butter Imports

Imports into Belgium

In 2022, supplies from abroad of peanut butter and prepared or preserved groundnuts decreased by -4.3% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons, and then declined modestly in the following year.

In value terms, peanut butter imports contracted to $X in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest peanut butter supplier to Belgium, accounting for a 78% share of total imports. Moreover, peanut butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. France (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and France (+12.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Belgium, comprising 79% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by France, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and France (+11.4% per year).

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2022, falling by -4.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 16%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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