Price for Pectic Substances; Pectinates and Pectates in Belgium - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Belgium (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Belgium (FOB) - 2023
3. Imports of Pectic Substances; Pectinates and Pectates in Belgium
4. Exports of Pectic Substances; Pectinates and Pectates in Belgium

Price for Pectic Substances; Pectinates and Pectates in Belgium (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $11,355 per ton, rising by 11% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $16,040 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($18,171 per ton), while the price for Germany ($4,594 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Belgium (FOB) - 2023

The average export price for pectic substances; pectinates and pectateses stood at $21,568 per ton in June 2023, with an increase of 24% against the previous month. Over the period under review, export price indicated perceptible growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, pectic substances; pectinates and pectates export price decreased by -19.7% against April 2023 indices. The pace of growth appeared the most rapid in April 2023 an increase of 32% month-to-month. As a result, the export price reached the peak level of $26,848 per ton. From May 2023 to June 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Italy ($32,703 per ton), while the average price for exports to the Netherlands ($11,816 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 Italy (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Belgium

In 2022, supplies from abroad of pectic substances; pectinates and pectateses decreased by -16.1% to 2K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 93%. As a result, imports reached the peak of 2.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pectic substances; pectinates and pectates imports contracted to $22M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 23%. As a result, imports attained the peak of $25M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Belgium in 2022:

1. Denmark (846.9 tons)
2. Germany (599.9 tons)
3. Netherlands (280.7 tons)
4. France (150.0 tons)
5. Italy (50.9 tons)

Exports of Pectic Substances; Pectinates and Pectates in Belgium

In 2022, shipments abroad of pectic substances; pectinates and pectateses decreased by -31.8% to 177 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 when exports increased by 296%. As a result, the exports attained the peak of 761 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pectic substances; pectinates and pectates exports contracted rapidly to $3M in 2022. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when exports increased by 264%. As a result, the exports attained the peak of $12M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Belgium in 2022:

1. Netherlands (51.8 tons)
2. United States (26.7 tons)
3. Indonesia (18.2 tons)
4. Russia (11.9 tons)
5. Chile (7.6 tons)
6. China (7.3 tons)
7. Turkey (6.1 tons)
8. Spain (6.1 tons)
9. Iran (5.7 tons)
10. Canada (3.9 tons)
11. Greece (3.9 tons)
12. Romania (3.3 tons)
13. Poland (3.1 tons)

Source: IndexBox Market Intelligence Platform