Belgium: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Belgium

The Belgian rusks and toasted bread market stood at $X in 2021, with an increase of 9.6% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Rusks and toasted bread consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Rusks, Toasted Bread and Similar Toasted Products in Belgium

In value terms, rusks and toasted bread production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 22%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Belgium

In 2021, overseas shipments of rusks, toasted bread and similar toasted products decreased by -11.9% to X tons, falling for the third year in a row after three years of growth. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 13%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, rusks and toasted bread exports rose remarkably to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for rusks and toasted bread exports from Belgium, with a 50% share of total exports. Moreover, rusks and toasted bread exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X tons), fivefold. The third position in this ranking was held by France (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+6.3% per year) and France (-8.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Belgium, comprising 51% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Luxembourg, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.8% per year) and Luxembourg (+1.6% per year).

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, rising by 23% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rusks and toasted bread export price increased by +61.1% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 28% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 France (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Belgium

In 2021, the amount of rusks, toasted bread and similar toasted products imported into Belgium shrank slightly to X tons, declining by -3.5% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 5.4% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, rusks and toasted bread imports expanded remarkably to $X in 2021. The total import value 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 2018 with an increase of 14% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest rusks and toasted bread supplier to Belgium, accounting for a 55% share of total imports. Moreover, rusks and toasted bread imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.4% per year) and Germany (+8.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Belgium, comprising 55% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.6% per year) and Germany (+4.4% per year).

Import Prices by Country

In 2021, the average rusks and toasted bread import price amounted to $X per ton, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. 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 the UK ($X per ton), while the price for Germany ($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 UK (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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