Belgium: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Belgium

The Belgian tomato ketchup market stood at $X in 2022, picking up by 12% against the previous year. In general, consumption saw a remarkable increase. Tomato ketchup consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tomato Ketchup Production in Belgium

In value terms, tomato ketchup production rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +111.1% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in years to come.

Tomato Ketchup Exports

Exports from Belgium

After three years of growth, shipments abroad of tomato ketchup and tomato sauces decreased by -18.7% to X tons in 2022. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, tomato ketchup exports dropped dramatically to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 28%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Denmark (X tons) were the main destinations of tomato ketchup exports from Belgium, together comprising 57% of total exports. Sweden, Australia, the UK, Germany, Finland, Norway, Spain, Luxembourg and Italy lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +35.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Denmark ($X) constituted the largest markets for tomato ketchup exported from Belgium worldwide, together accounting for 56% of total exports. Sweden, Germany, the UK, Norway, Finland, Australia, Spain, Luxembourg and Italy lagged somewhat behind, together comprising a further 31%.

Australia, with a CAGR of +31.1%, 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 2022, the average tomato ketchup export price amounted to $X per ton, dropping by -3.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 8.1%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Australia ($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 Spain (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of tomato ketchup and tomato sauces, when their volume decreased by -17.1% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, tomato ketchup imports contracted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of tomato ketchup to Belgium, accounting for a 48% share of total imports. Moreover, tomato ketchup imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.9% per year) and Germany (-3.4% per year).

In value terms, the Netherlands ($X), Italy ($X) and Germany ($X) were the largest tomato ketchup suppliers to Belgium, with a combined 80% share of total imports. France, Spain, the Czech Republic, Turkey and the United States lagged somewhat behind, together comprising a further 18%.

The Czech Republic, with a CAGR of +48.9%, recorded the highest rates of growth with regard to 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

In 2022, the average tomato ketchup import price amounted to $X per ton, growing by 2.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Turkey ($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 Czech Republic (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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