Belgium: Preserved Tomato Market 2024

Preserved Tomato Market Size in Belgium

The Belgian preserved tomato market stood at $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Preserved Tomato Production in Belgium

In value terms, preserved tomato production stood at $X in 2021 estimated in export price. Over the period under review, production saw a precipitous descent. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Tomato Exports

Exports from Belgium

In 2021, approx. X tons of preserved tomatoes were exported from Belgium; picking up by 16% against the previous year. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 27%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved tomato exports surged to $X in 2021. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 20%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), France (X tons) and Luxembourg (X tons) were the main destinations of preserved tomato exports from Belgium, together accounting for 79% of total exports. Germany, the UK, Norway and Italy lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +31.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Luxembourg ($X) appeared to be the largest markets for preserved tomato exported from Belgium worldwide, with a combined 70% share of total exports. The UK, Germany, Norway and Italy lagged somewhat behind, together accounting for a further 17%.

The UK, with a CAGR of +30.0%, saw the highest growth rate of the value of exports, among the main countries of destination 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 preserved tomato export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 22%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($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 Italy (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Tomato Imports

Imports into Belgium

Preserved tomato imports into Belgium reduced to X tons in 2021, waning by -13.9% compared with the previous year. In general, imports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, preserved tomato imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 32%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Italy (X tons) constituted the largest preserved tomato supplier to Belgium, with a 49% share of total imports. Moreover, preserved tomato imports from Italy exceeded the figures recorded by the second-largest supplier, Greece (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+9.1% per year) and the Netherlands (+4.8% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved tomatoes to Belgium, comprising 40% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.1% per year) and the Netherlands (+6.9% per year).

Import Prices by Country

In 2021, the average preserved tomato import price amounted to $X per ton, with an increase of 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform

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