Benelux: Cereal Germ Market 2024

Cereal Germ Market Size in Benelux

In 2021, the Benelux cereal germ market increased by 12% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Cereal Germ Production in Benelux

In value terms, cereal germ production soared to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.1% against 2019 indices. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cereal Germ Exports

Exports in Benelux

In 2021, cereal germ exports in Benelux skyrocketed to X tons, increasing by 55% on the previous year's figure. Total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +101.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal germ exports soared to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +117.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons) and Belgium (X tons) was the major exporter of cereal germ in Benelux, comprising 100% of total export.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +46.7%).

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of exports in 2021.

Belgium, with a CAGR of +37.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, growing by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 when the export price increased by 39%. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%).

Cereal Germ Imports

Imports in Benelux

In 2021, overseas purchases of cereal germ increased by 0.9% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, cereal germ imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a pronounced decrease. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium prevails in imports structure, accounting for X tons, which was near 90% of total imports in 2021. It was distantly followed by the Netherlands (X tons), mixing up a 9.9% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cereal germ imports into Belgium stood at -2.0%. At the same time, the Netherlands (+13.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +13.6% from 2012-2021. From 2012 to 2021, the share of the Netherlands increased by +7.1 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported cereal germ in Benelux, comprising 89% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports.

In Belgium, cereal germ imports shrank by an average annual rate of -3.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.0%).

Source: IndexBox Platform