Benelux: Yoghurt Market 2024

Yoghurt Market Size in Benelux

The Benelux yoghurt market expanded markedly to $X in 2022, rising by 9.2% against the previous year. In general, consumption saw a strong increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Yoghurt Production in Benelux

In value terms, yoghurt production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, posted a significant increase. The growth pace was the most rapid in 2019 with an increase of 984% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Yoghurt Exports

Exports in Benelux

In 2022, after three years of growth, there was significant decline in shipments abroad of yoghurt, when their volume decreased by -21.8% to X tons. In general, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 76%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, yoghurt exports contracted rapidly to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of 76%. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Belgium represented the major exporter of yoghurt in Benelux, with the volume of exports finishing at X tons, which was approx. 63% of total exports in 2022. The Netherlands (X tons) ranks second in terms of the total exports with a 23% share, followed by Luxembourg (14%).

Exports from Belgium increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, the Netherlands (+7.5%) and Luxembourg (+4.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +7.5% from 2012-2022. The Netherlands (+6.1 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

The Netherlands, with a CAGR of +10.0%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 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 Luxembourg (+3.7%), while the other leaders experienced more modest paces of growth.

Yoghurt Imports

Imports in Benelux

After four years of growth, supplies from abroad of yoghurt decreased by -0.5% to X tons in 2022. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 6.9% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, yoghurt imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 10%. The level of import peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) prevails in imports structure, together generating 96% of total imports. Luxembourg (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +5.5%), while purchases for the other leaders experienced more modest paces of growth.

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

The Netherlands, with a CAGR of +3.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, shrinking by -2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 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 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 (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform