Belgium: Vegetable Puree Market 2024

Vegetable Puree Market Size in Belgium

The Belgian vegetable puree market rose rapidly to $X in 2022, surging by 5.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Vegetable puree consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Vegetable Puree Exports

Exports from Belgium

In 2022, shipments abroad of vegetable puree decreased by -61.4% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 193% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted dramatically in the following year.

In value terms, vegetable puree exports shrank rapidly to $X in 2022. Overall, exports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of 123%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Luxembourg (X tons) was the main destination for vegetable puree exports from Belgium, with a 66% share of total exports. Moreover, vegetable puree exports to Luxembourg exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Luxembourg stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-11.0% per year) and the UK (+14.2% per year).

In value terms, Luxembourg ($X) remains the key foreign market for vegetable puree exports from Belgium, comprising 65% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Luxembourg totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.5% per year) and the Netherlands (-8.3% per year).

Export Prices by Country

The average vegetable puree export price stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to the Netherlands ($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 Luxembourg (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into Belgium

In 2022, overseas purchases of vegetable puree decreased by -9.5% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, vegetable puree imports contracted to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of vegetable puree to Belgium, with a 89% share of total imports. Moreover, vegetable puree imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.4% per year) and Italy (+29.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of vegetable puree to Belgium, comprising 90% of total imports. The second position in the ranking was taken by Italy ($X), with a 4.4% share of total imports. It was followed by France, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.4% per year) and France (+1.9% per year).

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, increasing by 9.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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