Benelux: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Benelux

In 2022, the Benelux prepared baking powder market decreased by -7.9% to $X, falling for the second consecutive year after nine years of growth. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in Benelux

In value terms, prepared baking powder production dropped to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.1% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 54% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Prepared Baking Powder Exports

Exports in Benelux

In 2022, overseas shipments of prepared baking powders decreased by -26.3% to X tons, falling for the second year in a row after four years of growth. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.9% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 51% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, prepared baking powder exports contracted sharply to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 31%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands was the key exporting country with an export of around X tons, which resulted at 83% of total exports. It was distantly followed by Belgium (X tons), creating a 16% share of total exports.

The Netherlands was also the fastest-growing in terms of the prepared baking powders exports, with a CAGR of +3.5% from 2012 to 2022. Belgium experienced a relatively flat trend pattern. From 2012 to 2022, the share of the Netherlands increased by +4.1 percentage points.

In value terms, the Netherlands ($X) remains the largest prepared baking powder supplier in Benelux, comprising 78% of total exports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +4.2%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by 8.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, 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 Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%).

Prepared Baking Powder Imports

Imports in Benelux

In 2022, supplies from abroad of prepared baking powders decreased by -45% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 137% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared baking powder imports shrank markedly to $X in 2022. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2017 when imports increased by 125%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Belgium represented the major importer of prepared baking powders in Benelux, with the volume of imports resulting at X tons, which was approx. 52% of total imports in 2022. Luxembourg (X tons) ranks second in terms of the total imports with a 34% share, followed by the Netherlands (15%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +5.0%), while imports for the other leaders experienced mixed trends in the imports figures.

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

Belgium, with a CAGR of +5.7%, saw the highest growth rate of 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 an increase of 3.8% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared baking powder import price increased by +52.2% against 2017 indices. The growth pace was the most rapid in 2013 when the import price increased by 17%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform