Belgium - Almonds - Market Analysis, Forecast, Size, Trends and Insights

Belgium: Almond Market Overview 2019

Almond Market Size in Belgium

The revenue of the almond market in Belgium amounted to $X in 2017, therefore, remained relatively stable against the previous year. Overall, almond consumption continues to indicate a relatively flat trend pattern. The almond consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Almond Production in Belgium

In 2017, approx. X kg of almonds were produced in Belgium; reducing by -X% against the previous year. In general, almond production continues to indicate a drastic setback. The pace of growth was the most pronounced in 2009, when the output figure increased by X% against the previous year. Over the period under review, the almond production attained its peak figure volume of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Almond Exports from Belgium

In 2017, almond exports from Belgium amounted to X tonnes, coming down by -X% against the previous year. In general, almond exports continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. In that year, the almond exports reached their peak volume of X tonnes. From 2014 to 2017, growth of the almond exports stood at a somewhat lower level.

In value terms, almond exports totaled $X in 2017. Overall, almond exports continue to indicate a deep contraction. The exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Almond Exports by Country from Belgium

India (X tonnes) was the main destination of almond exports from Belgium, with a X% share of total exports. Moreover, almond exports to India exceeded the volume sent to the second major destination, France (X tonnes), sixfold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Germany (-X% per year).

In value terms, India ($X) emerged as the key foreign market for almond exports from Belgium, making up X% of total almond exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and the Netherlands (+X% per year).

Almond Export Prices by Country in Belgium

The average almond export price stood at $X per tonne in 2017, coming up by X% against the previous year. In general, the export price indicated a prominent growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the almond export price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2013, an increase of X% y-o-y. The export price peaked in 2017, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Sweden ($X per tonne), while average price for exports to India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to France (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Almond Imports into Belgium

In 2017, the amount of almonds imported into Belgium amounted to X tonnes, jumping by X% against the previous year. In general, almond imports continue to indicate a slight expansion. The growth pace was the most rapid in 2016, when imports increased by X% against the previous year. Over the period under review, the almond imports reached its maximum volume of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, almond imports stood at $X in 2017. In general, almond imports continue to indicate a remarkable expansion. Over the period under review, the almond imports reached its peak figure level in 2017, and are expected to retain its growth in the near future.

Almond Imports by Country into Belgium

The U.S. (X tonnes), the Netherlands (X tonnes) and Germany (X tonnes) were the main suppliers of almond imports to Belgium, together comprising X% of total imports. France, China, Australia and Morocco lagged somewhat behind, together accounting for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the U.S. ($X) were the largest almond suppliers to Belgium, with a combined X% share of total imports. China, France, Morocco and Australia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers , China (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Almond Import Prices by Country in Belgium

The average almond import price stood at $X per tonne in 2017, growing by X% against the previous year. Overall, the import price indicated a measured expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the almond import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013, when the average import prices increased by X% year-to-year. The import price peaked in 2017, and is expected to retain its growth in the near future.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per tonne), while prices for almond imports from Australia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform