Belgium: Almond Market Overview 2021

Almond Market Size in Belgium

The Belgian almond market skyrocketed to $X in 2019, surging by X% against the previous year. Over the period under review, consumption, however, recorded a deep reduction. Almond consumption peaked at $X in 2009; however, from 2010 to 2019, consumption stood at a somewhat lower figure.

Almond Production in Belgium

In value terms, almond production reduced dramatically to $X in 2019 estimated in export prices. In general, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Almond production peaked at $X in 2018, and then reduced markedly in the following year.

In 2019, the average almond yield in Belgium totaled X kg per ha, almost unchanged from the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of almonds were harvested in Belgium; approximately equating 2018. Overall, the harvested area recorded a relatively flat trend pattern.

Almond Exports

Exports from Belgium

In 2019, overseas shipments of almonds decreased by -X% to X tonnes, falling for the fourth year in a row after four years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, almond exports contracted to $X in 2019. Overall, exports recorded a measured expansion. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

France (X tonnes), the Netherlands (X tonnes) and Germany (X tonnes) were the main destinations of almond exports from Belgium, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands, while exports for the other leaders experienced a decline.

In value terms, the largest markets for almond exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports.

The Netherlands recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average almond export price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, the export price saw a noticeable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure in 2019 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2019, the highest prices were recorded for prices to France ($X per tonne) and the Netherlands ($X per tonne), while the average price for exports to Germany ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Belgium

After two years of decline, supplies from abroad of almonds increased by X% to X tonnes in 2019. In general, imports, however, continue to indicate a deep downturn. Over the period under review, imports reached the peak figure at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, almond imports soared to $X in 2019. Overall, imports, however, showed a noticeable contraction. Over the period under review, imports reached the peak figure at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest almond supplier to Belgium, accounting for a X% share of total imports. Moreover, almond imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), threefold. France (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and France (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of almond to Belgium, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and France (+X% per year).

Import Prices by Country

In 2019, the average almond import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, import price indicated a strong increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, almond import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

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The country with the largest volume of almond consumption was the U.S. (1.7M tonnes), accounting for 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. The third position in this ranking was occupied by Iran (182K tonnes), with a 5.3% share.

What are the largest producers of almonds in the world?

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The U.S. (1.9M tonnes) remains the largest almond producing country worldwide, comprising approx. 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. The third position in this ranking was occupied by Iran (177K tonnes), with a 5.1% share.

What are the leading suppliers of almonds to Belgium?

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In value terms, Spain ($1.3M) constituted the largest supplier of almond to Belgium, comprising 75% of total imports. The second position in the ranking was occupied by Italy ($203K), with a 12% share of total imports. It was followed by France, with a 4.5% share.

What are the leading importers of almonds from Belgium?

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In value terms, the largest markets for almond exported from Belgium were France ($475K), the Netherlands ($328K) and Germany ($51K), together accounting for 94% of total exports.

What is the average export price for almonds in Belgium?

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In 2019, the average almond export price amounted to $9,208 per tonne, rising by 6.1% against the previous year.

What is the average import price for almonds in Belgium?

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In 2019, the average almond import price amounted to $6,829 per tonne, growing by 19% against the previous year.