Belgium: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Belgium

In 2021, the Belgian market for protein concentrates and flavoured or coloured sugar syrups decreased by -16.8% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption showed a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Belgium

In value terms, production of protein concentrates and flavoured or coloured sugar syrups dropped notably to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Belgium

In 2021, exports of protein concentrates and flavoured or coloured sugar syrups from Belgium soared to X tons, rising by 44% compared with the previous year. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 93%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 58%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Spain (X tons) and France (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Belgium, with a combined 51% share of total exports. Italy, Germany, the UK, the United States, Portugal, Poland and Denmark lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +130.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and France ($X) appeared to be the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Belgium worldwide, together comprising 46% of total exports. These countries were followed by Portugal, Spain, Italy, the United States, Germany, Poland and Denmark, which together accounted for a further 35%.

The United States, with a CAGR of +126.3%, recorded the highest rates of growth with regard to 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

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, waning by -14.2% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 12% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 the UK ($X per ton), while the average price for exports to Denmark ($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 Portugal (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Belgium

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups imported into Belgium soared to X tons, increasing by 19% compared with the previous year. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 +14.3% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 90% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 76% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest protein concentrate and flavoured or coloured sugar syrup supplier to Belgium, accounting for a 73% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Denmark (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.5% per year) and Denmark (-4.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Belgium, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by France, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.3% per year) and France (+3.4% per year).

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, with an increase of 4.6% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 5% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 the UK ($X per ton), while the price for Denmark ($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 (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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