Benelux: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Benelux

In 2022, the Benelux wheat and meslin flour market increased by 19% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Benelux

In value terms, wheat and meslin flour production soared to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 26% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports in Benelux

In 2022, approx. X tons of wheat and meslin flour were exported in Benelux; waning by -8% against 2021 figures. In general, exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2017 with an increase of 17%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, wheat and meslin flour exports stood at $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 20%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium represented the largest exporting country with an export of about X tons, which accounted for 64% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 28% share, followed by Luxembourg (7.5%).

Exports from Belgium decreased at an average annual rate of -4.9% from 2012 to 2022. At the same time, the Netherlands (+10.4%) and Luxembourg (+4.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +10.4% from 2012-2022. While the share of the Netherlands (+20 p.p.) and Luxembourg (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-22.9 p.p.) displayed negative dynamics.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 99.9% of total exports.

The Netherlands, with a CAGR of +12.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by 23% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour export price increased by +54.3% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($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 (+2.3%), while the other leaders experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports in Benelux

In 2022, supplies from abroad of wheat and meslin flour increased by 2.6% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 8.3% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wheat and meslin flour imports surged to $X in 2022. In general, imports saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) was the main importer of wheat and meslin flour, making up 83% of total imports. It was distantly followed by Belgium (X tons), mixing up a 16% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Imports into the Netherlands decreased at an average annual rate of -1.4% from 2012 to 2022. At the same time, Luxembourg (+12.1%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +12.1% from 2012-2022. By contrast, Belgium (-5.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported wheat and meslin flour in Benelux, comprising 80% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: Belgium (-1.6% per year) and Luxembourg (+10.4% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. The level of import peaked in 2022 and is likely to see gradual 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 Belgium (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform