Non-Liquid Margarine Price in Belgium - 2023
Contents:
- Non-Liquid Margarine Price in Belgium (FOB) - 2023
- Non-Liquid Margarine Price in Belgium (CIF) - 2022
- Non-Liquid Margarine Exports in Belgium
- Non-Liquid Margarine Imports in Belgium
Non-Liquid Margarine Price in Belgium (FOB) - 2023
In June 2023, the average non-liquid margarine export price amounted to $2,080 per ton, approximately equating the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 5.8% m-o-m. Over the period under review, the average export prices reached the maximum at $2,164 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In June 2023, the highest price was recorded for prices to the UK ($2,428 per ton) and France ($2,074 per ton), while the average price for exports to Spain ($1,753 per ton) and Hungary ($1,846 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Belgium (CIF) - 2022
The average non-liquid margarine import price stood at $2,273 per ton in 2022, growing by 33% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,137 per ton), while the price for Sweden ($672 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Belgium
In 2022, the amount of non-liquid margarine exported from Belgium declined to 119K tons, which is down by -6.5% compared with 2021. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 41%.
In value terms, non-liquid margarine exports totaled $228M in 2022. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2021 with an increase of 85% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Non-Liquid Margarine in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 45.9 | 38.2 | 58.2 | 65.8 | 12.8% |
| United Kingdom | 13.9 | 7.5 | 37.9 | 36.9 | 38.5% |
| Germany | 21.9 | 14.3 | 28.9 | 36.2 | 18.2% |
| Netherlands | 18.2 | 17.1 | 20.2 | 22.9 | 8.0% |
| Hungary | 9.1 | 3.6 | 9.2 | 12.5 | 11.2% |
| Italy | 6.9 | 3.7 | 6.7 | 8.6 | 7.6% |
| Spain | 5.7 | 3.6 | 6.1 | 6.0 | 1.7% |
| Poland | 2.0 | 1.2 | 4.3 | 4.6 | 32.0% |
| Czech Republic | 3.0 | 1.4 | 2.9 | 4.1 | 11.0% |
| Greece | 2.8 | 2.1 | 3.6 | 3.5 | 7.7% |
| Others | 21.5 | 14.9 | 21.7 | 26.8 | 7.6% |
| Total | 151 | 108 | 200 | 228 | 14.7% |
Top Export Markets for Non-Liquid Margarine from Belgium in 2022:
- France (34.8K tons)
- Germany (19.8K tons)
- United Kingdom (17.6K tons)
- Netherlands (12.2K tons)
- Hungary (8.0K tons)
- Italy (4.6K tons)
- Spain (3.6K tons)
- Poland (2.5K tons)
- Czech Republic (2.3K tons)
- Greece (2.0K tons)
Non-Liquid Margarine Imports in Belgium
Non-liquid margarine imports into Belgium contracted sharply to 14K tons in 2022, falling by -15.3% on the year before. Over the period under review, imports faced a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year.
In value terms, non-liquid margarine imports expanded rapidly to $31M in 2022. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year.
| Import of Non-Liquid Margarine in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 21.1 | 7.8 | 10.9 | 12.9 | -15.1% |
| Denmark | 5.0 | 4.2 | 8.4 | 10.1 | 26.4% |
| Germany | 3.4 | 2.7 | 2.8 | 2.0 | -16.2% |
| United Kingdom | 1.7 | 0.6 | N/A | 1.2 | -11.0% |
| Italy | 0.3 | 0.5 | 1.0 | 1.1 | 54.2% |
| Sweden | 2.4 | 1.0 | 1.1 | 0.9 | -27.9% |
| Spain | 1.7 | 1.8 | 1.2 | 0.8 | -22.2% |
| Poland | 1.4 | N/A | N/A | N/A | 0% |
| Portugal | 4.3 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 2.1 | 2.4 | 2.5 | 21.3% |
| Total | 42.6 | 20.7 | 27.8 | 31.4 | -9.7% |
Top Suppliers of Non-Liquid Margarine to Belgium in 2022:
- Portugal (undefinedK tons)
- Netherlands (4.8K tons)
- Denmark (4.6K tons)
- Sweden (1.3K tons)
- Germany (0.9K tons)
- United Kingdom (0.7K tons)
- Italy (0.5K tons)
- Spain (0.4K tons)
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