Belgium: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Belgium

In 2021, the Belgian sauce and seasoning market decreased by -8.7% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 9.9% against the previous year. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Belgium

In value terms, sauce and seasoning production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Sauce And Seasoning Exports

Exports from Belgium

In 2021, shipments abroad of sauces and seasonings increased by 35% to X tons, rising for the sixth year in a row after two years of decline. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.7% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sauce and seasoning exports soared to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +106.4% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of sauce and seasoning exports from Belgium, with a combined 58% share of total exports. These countries were followed by Germany, Italy, Spain, Democratic Republic of the Congo, Morocco, Denmark, Sweden, Guinea and Angola, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +75.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and the UK ($X) appeared to be the largest markets for sauce and seasoning exported from Belgium worldwide, together accounting for 58% of total exports. Germany, Spain, Italy, Democratic Republic of the Congo, Morocco, Sweden, Denmark, Guinea and Angola lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Guinea, with a CAGR of +74.3%, 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

In 2021, the average sauce and seasoning export price amounted to $X per ton, with an increase of 2.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 5.1% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Denmark ($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 Morocco (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Belgium

In 2021, imports of sauces and seasonings into Belgium soared to X tons, with an increase of 30% compared with 2020. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sauce and seasoning imports surged to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest sauce and seasoning supplier to Belgium, accounting for a 41% share of total imports. Moreover, sauce and seasoning imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by France (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.6% per year) and France (-0.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of sauces and seasonings to Belgium, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Italy, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and Italy (+5.9% per year).

Import Prices by Country

In 2021, the average sauce and seasoning import price amounted to $X per ton, declining by -1.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($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 United States (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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