Belgium - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Belgium - 2023
Contents:
- Soups Price in Belgium (CIF) - 2023
- Soups Price in Belgium (FOB) - 2023
- Soups Imports in Belgium
- Soups Exports in Belgium
Soups Price in Belgium (CIF) - 2023
The average soups import price stood at $1,259 per ton in June 2023, reducing by -52.8% against the previous month. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in May 2023 when the average import price increased by 48% m-o-m. The import price peaked at $2,894 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($6,156 per ton), while the price for Spain ($534 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 Italy (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Price in Belgium (FOB) - 2023
The average soups export price stood at $486 per ton in June 2023, falling by -89% against the previous month. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in January 2023 an increase of 37% against the previous month. Over the period under review, the average export prices reached the peak figure at $4,408 per ton in May 2023, and then dropped dramatically in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Luxembourg ($6,078 per ton), while the average price for exports to Sweden ($180 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 Luxembourg (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Imports in Belgium
After three years of growth, overseas purchases of soups and broths decreased by -2.9% to 36K tons in 2022. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8.4%.
In value terms, soups imports surged to $87M in 2022. The total import value increased at an average annual rate of +9.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Soups in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 22.1 | 30.3 | 23.9 | 28.5 | 8.8% |
| Netherlands | 13.3 | 9.9 | 12.1 | 13.5 | 0.5% |
| Germany | 8.2 | 7.4 | 7.8 | 13.1 | 16.9% |
| Spain | 3.3 | 3.9 | 5.0 | 8.9 | 39.2% |
| Portugal | 0.6 | 1.6 | 3.1 | 4.2 | 91.3% |
| Italy | 3.0 | 1.6 | 3.5 | 3.9 | 9.1% |
| Hungary | 5.1 | 5.3 | 5.8 | 3.6 | -11.0% |
| Poland | 3.7 | 4.1 | 2.4 | 2.3 | -14.7% |
| Others | 7.4 | 10.1 | 9.0 | 9.3 | 7.9% |
| Total | 66.7 | 74.2 | 72.5 | 87.5 | 9.5% |
Top Suppliers of Soups to Belgium in 2022:
- France (14.1K tons)
- Germany (6.0K tons)
- Spain (3.7K tons)
- Netherlands (2.9K tons)
- Italy (2.6K tons)
- Poland (1.8K tons)
- Portugal (1.4K tons)
- Hungary (1.0K tons)
Soups Exports in Belgium
In 2022, approx. 19K tons of soups and broths were exported from Belgium; remaining constant against the year before. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 18%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, soups exports rose markedly to $63M in 2022. The total export value increased at an average annual rate of +13.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Soups in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 11.9 | 11.3 | 11.6 | 14.9 | 7.8% |
| Netherlands | 6.3 | 7.7 | 8.4 | 10.9 | 20.0% |
| France | 5.4 | 7.4 | 7.5 | 7.7 | 12.6% |
| Germany | 8.6 | 10.0 | 12.0 | 7.5 | -4.5% |
| Finland | 3.4 | 3.5 | 3.3 | 4.1 | 6.4% |
| Luxembourg | 2.4 | 3.1 | 3.2 | 3.7 | 15.5% |
| United States | 1.3 | 3.1 | 4.0 | 2.8 | 29.1% |
| Others | 4.3 | 7.9 | 8.1 | 11.6 | 39.2% |
| Total | 43.6 | 54.0 | 58.1 | 63.4 | 13.3% |
Top Export Markets for Soups from Belgium in 2022:
- Sweden (3.6K tons)
- Netherlands (3.4K tons)
- Germany (2.8K tons)
- France (2.7K tons)
- Luxembourg (2.6K tons)
- United States (1.0K tons)
- Finland (0.9K tons)
This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor
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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