Belgium: Prepared Mustard Market 2024

Prepared Mustard Market Size in Belgium

In 2021, the Belgian prepared mustard market decreased by -46.1% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Prepared Mustard Production in Belgium

In value terms, prepared mustard production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight downturn. The pace of growth was the most pronounced in 2013 with an increase of 21%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Prepared Mustard Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in shipments abroad of prepared mustard, which increased by 35% to X tons in 2021. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 97%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared mustard exports skyrocketed to $X in 2021. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 191% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of prepared mustard exports from Belgium, together comprising 55% of total exports. These countries were followed by France, Niger, Australia, Israel, Cameroon, Benin, Democratic Republic of the Congo, Ghana, Germany and the United States, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (with a CAGR of +105.3%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for prepared mustard exports from Belgium, comprising 33% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by Australia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +86.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+17.6% per year) and Australia (+55.4% per year).

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, rising by 28% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the Netherlands ($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 Australia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Belgium

In 2021, imports of prepared mustard into Belgium rose markedly to X tons, growing by 11% against the previous year's figure. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, prepared mustard imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of prepared mustard imports to Belgium, together accounting for 92% of total imports. These countries were followed by Canada and Sweden, which together accounted for a further 4.1%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +59.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared mustard suppliers to Belgium were France ($X), the Netherlands ($X) and Germany ($X), together accounting for 89% of total imports. These countries were followed by Canada and Sweden, which together accounted for a further 4.9%.

Canada, with a CAGR of +62.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, rising by 3.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.5% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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