Benelux: Spinach Market 2024

Spinach Market Size in Benelux

The Benelux spinach market was estimated at $X in 2022, surging by 2% against the previous year. Over the period under review, consumption, however, posted a strong increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Spinach Production in Benelux

In value terms, spinach production amounted to $X in 2022 estimated in export price. In general, production, however, saw a strong increase. The growth pace was the most rapid in 2015 with an increase of 36% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Belgium (X tons) and the Netherlands (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the Netherlands (with a CAGR of +9.7%).

In 2022, the average spinach yield in Benelux dropped to X tons per ha, with a decrease of -7.2% against the previous year. The yield figure increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 19%. Over the period under review, the spinach yield hit record highs at X tons per ha in 2021, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The spinach harvested area fell to X ha in 2022, approximately reflecting 2021. The harvested area increased at an average annual rate of +3.1% 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 2014 with an increase of 10% against the previous year. Over the period under review, the harvested area dedicated to spinach production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Spinach Exports

Exports in Benelux

In 2022, approx. X tons of spinach were exported in Benelux; with a decrease of -27.3% compared with 2021 figures. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 34%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, spinach exports shrank remarkably to $X in 2022. In general, exports, however, showed moderate growth. The pace of growth was the most pronounced in 2017 when exports increased by 29% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the key exporting country with an export of about X tons, which accounted for 85% of total exports. It was distantly followed by Belgium (X tons), comprising a 15% share of total exports.

The Netherlands was also the fastest-growing in terms of the spinach exports, with a CAGR of -3.2% from 2012 to 2022. Belgium (-14.1%) illustrated a downward trend over the same period. The Netherlands (+21 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -21.4% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest spinach supplier in Benelux, comprising 92% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.4% share of total exports.

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

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, with an increase of 14% against the previous year. Overall, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of 73%. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.0%).

Spinach Imports

Imports in Benelux

Spinach imports expanded slightly to X tons in 2022, rising by 1.7% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 27%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, spinach imports declined dramatically to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. The level of import peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

Belgium represented the major importing country with an import of around X tons, which recorded 63% of total imports. It was distantly followed by the Netherlands (X tons), mixing up a 36% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +3.6%).

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

Among the main importing countries, the Netherlands, with a CAGR of +5.6%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, falling by -30.1% against the previous year. In general, the import price, however, recorded resilient growth. The pace of growth was the most pronounced in 2013 when the import price increased by 34% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 (+11.4%).

Source: IndexBox Platform