Belgium: Tomato Juice Market 2024

Tomato Juice Market Size in Belgium

In 2022, after three years of growth, there was significant decline in the Belgian tomato juice market, when its value decreased by -15.9% to $X. Over the period under review, consumption, however, recorded a mild increase. Tomato juice consumption peaked at $X in 2021, and then contracted notably in the following year.

Tomato Juice Production in Belgium

In value terms, tomato juice production shrank to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 5.1%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tomato Juice Exports

Exports from Belgium

In 2022, the amount of tomato juice exported from Belgium shrank to X tons, with a decrease of -11.9% on 2021 figures. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 55% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tomato juice exports declined to $X in 2022. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 56% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for tomato juice exports from Belgium, accounting for a 63% share of total exports. Moreover, tomato juice exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Luxembourg (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-10.6% per year) and Luxembourg (-15.8% per year).

In value terms, the Netherlands ($X), France ($X) and Luxembourg ($X) appeared to be the largest markets for tomato juice exported from Belgium worldwide, together accounting for 96% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +0.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average tomato juice export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Juice Imports

Imports into Belgium

In 2022, purchases abroad of tomato juice decreased by -17.6% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 45% against the previous year. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, tomato juice imports contracted significantly to $X in 2022. In general, imports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2016 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped significantly in the following year.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of tomato juice imports to Belgium, together accounting for 78% of total imports. The UK, Italy and Spain lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +47.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and France ($X) were the largest tomato juice suppliers to Belgium, together accounting for 74% of total imports.

The UK, with a CAGR of +63.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 tomato juice import price stood at $X per ton in 2022, remaining relatively unchanged 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 2019 an increase of 12% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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