Benelux: Cheese Market 2024

Cheese Market Size in Benelux

The Benelux cheese market reached $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Cheese Production in Benelux

In value terms, cheese production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 11% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to see steady growth in the near future.

Cheese Exports

Exports in Benelux

In 2021, approx. X tons of cheese were exported in Benelux; growing by 5.5% on the previous year's figure. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 7.1% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, cheese exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 19%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

The Netherlands represented the largest exporting country with an export of around X tons, which accounted for 74% of total exports. It was distantly followed by Belgium (X tons), achieving a 23% share of total exports. Luxembourg (X tons) took a relatively small share of total exports.

Exports from the Netherlands increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, Belgium (+6.4%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +6.4% from 2012-2021. By contrast, Luxembourg (-2.1%) illustrated a downward trend over the same period. While the share of Belgium (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Luxembourg (-1.8 p.p.) and the Netherlands (-3.8 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest cheese supplier in Benelux, comprising 75% of total exports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total exports.

In the Netherlands, cheese exports increased at an average annual rate of +2.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+4.7% per year) and Luxembourg (-0.2% per year).

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, with an increase of 5.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.0%), while the other leaders experienced a decline in the export price figures.

Cheese Imports

Imports in Benelux

In 2021, the amount of cheese imported in Benelux expanded markedly to X tons, with an increase of 8% compared with the year before. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 10% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, cheese imports rose notably to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 19%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) prevails in imports structure, together committing 94% of total imports. It was distantly followed by Luxembourg (X tons), creating a 5.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +4.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cheese importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Among the main importing countries, Belgium, with a CAGR of +3.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, rising by 5.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 11%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform