Belgium: Poppy Seed Market 2024

Poppy Seed Market Size in Belgium

The Belgian poppy seed market expanded significantly to $X in 2022, with an increase of 8.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a noticeable slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Poppy Seed Exports

Exports from Belgium

After two years of growth, shipments abroad of poppy seed decreased by -43% to X tons in 2022. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 101% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, poppy seed exports fell notably to $X in 2022. Over the period under review, exports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2013 when exports increased by 153%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for poppy seed exports from Belgium, with a 80% share of total exports. Moreover, poppy seed exports to France exceeded the volume sent to the second major destination, Luxembourg (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+10.3% per year) and the UK (-3.9% per year).

In value terms, France ($X) remains the key foreign market for poppy seed exports from Belgium, comprising 74% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.5% share of total exports. It was followed by Iceland, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.5% per year) and Iceland (+52.0% per year).

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, growing by 6.3% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poppy seed export price decreased by -7.2% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 41%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Luxembourg ($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 (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Poppy Seed Imports

Imports into Belgium

In 2022, imports of poppy seed into Belgium reduced to X tons, which is down by -7.6% compared with the year before. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by 33%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, poppy seed imports reduced to $X in 2022. Overall, imports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2019 with an increase of 24%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of poppy seed to Belgium, accounting for a 64% share of total imports. Moreover, poppy seed imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. France (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +47.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-13.3% per year) and France (-13.5% per year).

In value terms, Poland ($X), the Netherlands ($X) and France ($X) appeared to be the largest poppy seed suppliers to Belgium, together comprising 98% of total imports.

Poland, with a CAGR of +49.2%, saw 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 a decline.

Import Prices by Country

The average poppy seed import price stood at $X per ton in 2022, waning by -7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 61% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Australia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :