Benelux: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Benelux

After three years of decline, the Benelux market for malt extract and food preparations of flour, meal, and starches increased by 137% to $X in 2022. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Benelux

In value terms, production of malt extract and food preparations of flour, meal, and starches rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.3% 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 2013 with an increase of 24%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in Benelux

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches decreased by -4% to X tons for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when exports increased by 14%. The volume of export peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, exports of malt extract and food preparations of flour, meal, and starches rose markedly to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 11% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Belgium (X tons) and the Netherlands (X tons), together reaching 100% of total export.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +4.4%).

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

In terms of the main exporting countries, the Netherlands, with a CAGR of +3.4%, 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, surging by 11% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.4%).

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in Benelux

In 2022, the amount of malt extract and food preparations of flour, meal, and starches imported in Benelux amounted to X tons, with an increase of 8.6% compared with 2021. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 23%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches expanded remarkably to $X in 2022. Over the period under review, imports saw a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of 68%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the two major importers of malt extract and food preparations of flour, meal, and starches, namely the Netherlands and Belgium, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +2.4%).

In value terms, the Netherlands ($X) constitutes the largest market for imported malt extract and food preparations of flour, meal, and starches in Benelux, comprising 68% of total imports. The second position in the ranking was taken by Belgium ($X), with a 30% share of total imports.

In the Netherlands, imports of malt extract and food preparations of flour, meal, and starches increased at an average annual rate of +5.1% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, waning by -3.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 37%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%).

Source: IndexBox Platform