Belgium - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in Belgium - 2023
Contents:
- Chewing Gum Price in Belgium (CIF) - 2023
- Chewing Gum Price in Belgium (FOB) - 2023
- Chewing Gum Imports in Belgium
- Chewing Gum Exports in Belgium
Chewing Gum Price in Belgium (CIF) - 2023
In June 2023, the average chewing gum import price amounted to $7,692 per ton, growing by 13% against the previous month. Over the period under review, import price indicated a notable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, chewing gum import price increased by +9.6% against March 2023 indices. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 45% against the previous month. Over the period under review, average import prices reached the peak figure in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($14,002 per ton), while the price for Turkey ($4,437 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Chewing Gum Price in Belgium (FOB) - 2023
In June 2023, the average chewing gum export price amounted to $6,763 per ton, rising by 2.4% against the previous month. Over the period under review, export price indicated a notable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, chewing gum export price increased by +64.0% against October 2022 indices. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 28% against the previous month. As a result, the export price attained the peak level of $7,323 per ton. From September 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($22,369 per ton), while the average price for exports to France ($4,288 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Chewing Gum Imports in Belgium
Chewing gum imports into Belgium expanded rapidly to 2K tons in 2022, growing by 6.7% compared with the previous year. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, chewing gum imports surged to $13M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Chewing Gum in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.2 | 5.2 | 7.2 | 7.1 | 4.6% |
| Turkey | 1.6 | 1.5 | 1.5 | 3.3 | 27.3% |
| France | 0.6 | 0.8 | 1.1 | 1.0 | 18.6% |
| Germany | 0.7 | 0.5 | 0.6 | 0.7 | 0.0% |
| Morocco | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| China | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.4 | 0.6 | 0.3 | 0.3 | -9.1% |
| Total | 10.0 | 8.7 | 11.0 | 12.6 | 8.0% |
Top Suppliers of Chewing Gum to Belgium in 2022:
- Netherlands (858.9 tons)
- Turkey (647.6 tons)
- Germany (279.6 tons)
- France (91.2 tons)
- China (39.6 tons)
- Morocco (35.4 tons)
Chewing Gum Exports in Belgium
For the fourth year in a row, Belgium recorded growth in shipments abroad of chewing gum, which increased by 21% to 1.3K tons in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, chewing gum exports soared to $5.9M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Chewing Gum in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.3 | 2.6 | 3.3 | 2.5 | 2.8% |
| Germany | 0.2 | 0.3 | 0.3 | 2.2 | 122.4% |
| France | 0.3 | 0.3 | 0.6 | 0.4 | 10.1% |
| Luxembourg | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Others | 0.3 | 0.6 | 0.5 | 0.6 | 26.0% |
| Total | 3.3 | 4.0 | 4.9 | 5.9 | 21.4% |
Top Export Markets for Chewing Gum from Belgium in 2022:
- Netherlands (616.4 tons)
- Germany (490.6 tons)
- France (96.6 tons)
- Luxembourg (29.4 tons)
This report provides an in-depth analysis of the chewing gum market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10822310 - Chewing gum
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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