Benelux: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Benelux

In 2022, the Benelux flaked or rolled cereal market increased by 7.8% to $X, rising for the second year in a row after three years of decline. In general, consumption saw a resilient expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Flaked or Rolled Cereals in Benelux

In value terms, flaked or rolled cereal production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, production reached the peak level of $X, and then contracted notably in the following year.

Exports of Flaked or Rolled Cereals

Exports in Benelux

In 2022, approx. X tons of flaked or rolled cereals were exported in Benelux; declining by -17.9% against 2021 figures. In general, exports recorded a mild slump. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, flaked or rolled cereal exports shrank to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Belgium was the main exporting country with an export of around X tons, which resulted at 74% of total exports. It was distantly followed by the Netherlands (X tons), comprising a 26% share of total exports.

Belgium was also the fastest-growing in terms of the flaked or rolled cereals exports, with a CAGR of +4.9% from 2012 to 2022. The Netherlands (-9.2%) illustrated a downward trend over the same period. Belgium (+34 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -33.8% from 2012 to 2022, respectively.

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022.

Belgium, with a CAGR of +5.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, surging by 8.9% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flaked or rolled cereal export price increased by +57.4% against 2017 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 21%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%).

Imports of Flaked or Rolled Cereals

Imports in Benelux

Flaked or rolled cereal imports reduced to X tons in 2022, with a decrease of -6% compared with 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 22%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, flaked or rolled cereal imports expanded to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.6% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 22%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) represented the key importer of flaked or rolled cereals, constituting 88% of total imports. It was distantly followed by Belgium (X tons), comprising a 12% share of total imports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of flaked or rolled cereals. At the same time, Belgium (+7.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +7.0% from 2012-2022. Belgium (+4.7 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -4.7% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported flaked or rolled cereals in Benelux, comprising 88% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +5.0%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2013 when the import price increased by 21% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%).

Source: IndexBox Platform