Price for Homogenised Composite Food Preparations in Belgium - 2023
Contents:
- Price for Homogenised Composite Food Preparations in Belgium (FOB) - 2023
- Price for Homogenised Composite Food Preparations in Belgium (CIF) - 2023
- Exports of Homogenised Composite Food Preparations in Belgium
- Imports of Homogenised Composite Food Preparations in Belgium
Price for Homogenised Composite Food Preparations in Belgium (FOB) - 2023
In April 2023, the average homogenised composite food preparations export price amounted to $9,272 per ton, which is down by -4.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in January 2023 an increase of 18% month-to-month. As a result, the export price attained the peak level of $10,566 per ton. From February 2023 to April 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($40,011 per ton), while the average price for exports to the UK ($6,002 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Homogenised Composite Food Preparations in Belgium (CIF) - 2023
The average homogenised composite food preparations import price stood at $4,223 per ton in April 2023, waning by -17.7% against the previous month. Over the period under review, import price indicated a slight increase from April 2022 to April 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, homogenised composite food preparations import price decreased by -17.7% against March 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 23% month-to-month. The import price peaked at $5,133 per ton in March 2023, and then dropped dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($7,009 per ton), while the price for Egypt ($2,439 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Egypt (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Homogenised Composite Food Preparations in Belgium
Homogenised composite food preparations exports from Belgium expanded significantly to 4.8K tons in 2022, increasing by 10% compared with the year before. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 134% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, homogenised composite food preparations exports shrank slightly to $41M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 55%.
| Export of Homogenised Composite Food Preparations in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.8 | 0.7 | 16.5 | 19.0 | 187.4% |
| France | 10.8 | 16.9 | 15.7 | 14.2 | 9.6% |
| Netherlands | 2.9 | 4.4 | 4.5 | 4.1 | 12.2% |
| Germany | 1.8 | 2.4 | 2.3 | 1.9 | 1.8% |
| Luxembourg | 0.8 | 1.3 | 1.3 | 1.2 | 14.5% |
| Canada | 0.1 | 1.0 | 0.4 | N/A | 100.0% |
| Others | 0.6 | 0.9 | 1.1 | 1.0 | 18.6% |
| Total | 17.7 | 27.5 | 41.8 | 41.5 | 32.8% |
Top Export Markets for Homogenised Composite Food Preparations from Belgium in 2022:
- United Kingdom (3451.0 tons)
- France (560.2 tons)
- Netherlands (442.3 tons)
- Germany (108.9 tons)
- Luxembourg (83.8 tons)
- Canada (7.0 tons)
Imports of Homogenised Composite Food Preparations in Belgium
For the fourth year in a row, Belgium recorded growth in purchases abroad of homogenised composite food preparationses, which increased by 11% to 3.7K tons in 2022. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, homogenised composite food preparations imports contracted sharply to $14M in 2022. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year.
| Import of Homogenised Composite Food Preparations in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.3 | 2.9 | 3.1 | 3.9 | 19.2% |
| France | 4.0 | 6.3 | 7.1 | 3.9 | -0.8% |
| Netherlands | 3.8 | 6.0 | 5.7 | 2.9 | -8.6% |
| Spain | 0.6 | 0.5 | 0.6 | 0.9 | 14.5% |
| Germany | 0.8 | 0.7 | 0.5 | 0.6 | -9.1% |
| Greece | N/A | 0.1 | 0.4 | 0.5 | 123.6% |
| Ireland | 0.8 | 0.7 | 0.5 | 0.5 | -14.5% |
| Others | 0.2 | 0.6 | 0.6 | 0.5 | 35.7% |
| Total | 12.5 | 17.8 | 18.4 | 13.7 | 3.1% |
Top Suppliers of Homogenised Composite Food Preparations to Belgium in 2022:
- Poland (1407.5 tons)
- France (889.9 tons)
- Netherlands (497.3 tons)
- Spain (432.7 tons)
- Ireland (106.5 tons)
- Germany (105.0 tons)
- Greece (69.9 tons)
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