Belgium: Beef Market 2024

Beef Market Size in Belgium

The Belgian beef market was estimated at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Beef Production in Belgium

In value terms, beef production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Beef production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average beef yield in Belgium reached X kg per head, standing approx. at 2021 figures. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X kg per head. From 2021 to 2022, the growth of the average beef yield remained at a lower figure.

In 2022, the number of animals slaughtered for beef production in Belgium stood at X heads, approximately mirroring 2021. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, this number attained the peak level at X heads in 2017; however, from 2018 to 2022, producing animals failed to regain momentum.

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Beef Exports

Exports from Belgium

Beef exports from Belgium reduced to X tons in 2022, dropping by X% compared with the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, beef exports expanded modestly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of beef exports from Belgium, together accounting for X% of total exports. Italy, Luxembourg, Greece, Portugal, Spain and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for beef exported from Belgium worldwide, together accounting for X% of total exports. Italy, Luxembourg, Spain, Greece, Portugal and the UK lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Portugal, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average beef export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into Belgium

In 2022, supplies from abroad of beef (cattle meat) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, beef imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons), France (X tons) and Ireland (X tons) were the main suppliers of beef imports to Belgium, together accounting for X% of total imports. Spain, Poland, Italy, Germany and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Ireland ($X) constituted the largest beef suppliers to Belgium, with a combined X% share of total imports. Spain, Poland, Italy, Germany and the UK lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average beef import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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