Benelux: Gingerbread Market 2024

Gingerbread Market Size in Benelux

The Benelux gingerbread market reduced to $X in 2022, with a decrease of -5.4% against the previous year. In general, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Gingerbread Production in Benelux

In value terms, gingerbread production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, production attained the peak level of $X, and then fell in the following year.

Gingerbread Exports

Exports in Benelux

Gingerbread exports shrank to X tons in 2022, declining by -10.7% on the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 15% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, gingerbread exports fell to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Belgium (X tons) and the Netherlands (X tons) was the largest exporter of gingerbread in Benelux, committing 100% of total export.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +1.2%).

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

Among the main exporting countries, Belgium, with a CAGR of -0.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, dropping by -4.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%).

Gingerbread Imports

Imports in Benelux

In 2022, gingerbread imports in Benelux reduced to X tons, which is down by -6.9% on the year before. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, gingerbread imports shrank to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Belgium (X tons) was the key importer of gingerbread, making up 66% of total imports. It was distantly followed by the Netherlands (X tons), achieving a 32% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to gingerbread imports into Belgium stood at -3.0%. At the same time, the Netherlands (+11.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +11.6% from 2012-2022. By contrast, Luxembourg (-5.5%) illustrated a downward trend over the same period. While the share of the Netherlands (+22 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-20.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2022.

The Netherlands, with a CAGR of +5.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, with a decrease of -6.8% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gingerbread import price increased by +59.0% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 37%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform