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

Belgium: Cheese Market Overview 2019

Cheese Market Size in Belgium

The revenue of the cheese market in Belgium amounted to $X in 2017, picking up by X% against the previous year. Overall, cheese consumption continues to indicate a measured slump. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. In that year, the cheese market attained their peak level of $X. From 2009 to 2017, growth of the cheese market stood at a somewhat lower level.

Cheese Production in Belgium

In 2017, cheese production in Belgium stood at X tonnes, growing by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011, when the output figure increased by X% year-to-year. Over the period under review, the cheese production reached its maximum volume in 2017, and is likely to continue its growth in the near future.

Cheese Exports

Exports from Belgium

In 2017, cheese exports from Belgium stood at X tonnes, flattening at the previous year. Overall, the total exports indicated a remarkable growth from 2007 to 2017: its volume 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 cheese exports increased by +X% against 2008 indices. The growth pace was the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, the cheese exports attained its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, cheese exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. In that year, the cheese exports attained their peak level of $X. From 2014 to 2017, growth of the cheese exports stood at a somewhat lower level.

Exports by Country

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

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

In value terms, largest markets for cheese exported from Belgium were the Netherlands ($X), France ($X) and the UK ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the Netherlands (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese export price stood at $X per tonne in 2017, going up by X% against the previous year. In general, cheese export price continues to indicate a temperate shrinkage. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. In that year, the average export prices for cheese reached their peak level of $X per tonne. From 2009 to 2017, growth of the average export prices for cheese failed to regain its momentum.

Average export prices varied somewhat for the major foreign markets. In 2017, the highest prices were recorded for export prices to France ($X per tonne) and Germany ($X per tonne), while average price for exports to Italy ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to the UK (-X% per year), the export prices for other major destinations experienced a decline.

Cheese Imports

Imports into Belgium

Cheese imports into Belgium totaled X tonnes in 2017, stabilizing at the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016, when it surged by X% against the previous year. The imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, cheese imports totaled $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the cheese imports reached its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Imports by Country

The Netherlands (X tonnes), France (X tonnes) and Germany (X tonnes) were the main suppliers of cheese imports to Belgium, together comprising X% of total imports. These countries were followed by Italy, Denmark and Ireland, which together accounted 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 Denmark (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest cheese suppliers to Belgium, together comprising X% of total imports. These countries were followed by Italy, Denmark and Ireland, which together accounted for a further X%.

Denmark (+X% per year) recorded the highest growth rate of imports,among the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average cheese import price amounted to $X per tonne, going up by X% against the previous year. Overall, cheese import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, an increase of X% year-to-year. The import price peaked of $X per tonne in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was France ($X per tonne), while price for Germany ($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 France (-X% per year), the import prices for other major suppliers experienced a decline.

Source: IndexBox AI Platform