Benelux: Vegetable Puree Market 2024

Vegetable Puree Market Size in Benelux

For the third year in a row, the Benelux vegetable puree market recorded growth in sales value, which increased by 8.4% to $X in 2022. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Vegetable Puree Production in Benelux

In value terms, vegetable puree production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 21%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Vegetable Puree Exports

Exports in Benelux

In 2022, shipments abroad of vegetable puree decreased by -14.4% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, vegetable puree exports reduced rapidly to $X in 2022. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

The Netherlands dominates exports structure, finishing at X tons, which was near 90% of total exports in 2022. It was distantly followed by Belgium (X tons), making up a 9.7% share of total exports.

The Netherlands was also the fastest-growing in terms of the vegetable puree exports, with a CAGR of +10.1% from 2012 to 2022. Belgium (-2.7%) illustrated a downward trend over the same period. The Netherlands (+17 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -17.3% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest vegetable puree supplier in Benelux, comprising 81% of total exports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total exports.

In the Netherlands, vegetable puree exports expanded at an average annual rate of +10.3% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, with a decrease of -26.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 37%. As a result, the export price reached the peak level of $X per ton, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Belgium (+4.5%).

Vegetable Puree Imports

Imports in Benelux

After three years of growth, supplies from abroad of vegetable puree decreased by -7.5% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, vegetable puree imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) was the largest importer of vegetable puree, making up 80% of total imports. It was distantly followed by the Netherlands (X tons), committing a 15% share of total imports. Luxembourg (X tons) held a minor share of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of vegetable puree. At the same time, Luxembourg (+6.6%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +6.6% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. While the share of Luxembourg (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported vegetable puree in Benelux, comprising 73% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total imports.

In Belgium, vegetable puree imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+4.3% per year) and Luxembourg (+7.3% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 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 the Netherlands (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform