Belgium: Chestnut Market Overview 2021

Chestnut Market Size in Belgium

The Belgian chestnut market dropped to $X in 2019, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a slight downturn. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. Chestnut consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Chestnut Exports

Exports from Belgium

In 2019, approx. X tonnes of chestnuts were exported from Belgium; increasing by X% on 2018. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, chestnut exports surged to $X in 2019. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Italy (X tonnes) was the main destination for chestnut exports from Belgium, accounting for a X% share of total exports. Moreover, chestnut exports to Italy exceeded the volume sent to the second major destination, Sweden (X tonnes), sevenfold. The third position in this ranking was occupied by Luxembourg (X tonnes), with a X% share.

From 2012 to 2019, the average annual growth rate of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-X% per year) and Luxembourg (-X% per year).

In value terms, Italy ($X) emerged as the key foreign market for chestnut exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by Luxembourg ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and Sweden (-X% per year).

Export Prices by Country

The average chestnut export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the export price saw a noticeable setback. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Luxembourg ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced mixed trend patterns.

Chestnut Imports

Imports into Belgium

In 2019, the amount of chestnuts imported into Belgium dropped to X tonnes, which is down by -X% on 2018 figures. Overall, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, chestnut imports expanded slightly to $X in 2019. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2019, the average annual growth rate of volume from France stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the Netherlands (+X% per year).

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

From 2012 to 2019, the average annual rate of growth in terms of value from France stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average chestnut import price stood at $X per tonne in 2019, jumping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

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China (3.7M tonnes) constituted the country with the largest volume of chestnut consumption, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total consumption. The third position in this ranking was occupied by Italy (63K tonnes), with a 1.5% share.

What are the largest producers of chestnuts in the world?

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China (3.7M tonnes) constituted the country with the largest volume of chestnut production, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total production.

What are the leading suppliers of chestnuts to Belgium?

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In value terms, France ($893K) constituted the largest supplier of chestnut to Belgium, comprising 64% of total imports. The second position in the ranking was occupied by Italy ($249K), with a 18% share of total imports. It was followed by the Netherlands, with a 8.1% share.

What are the leading importers of chestnuts from Belgium?

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In value terms, Italy ($214K) emerged as the key foreign market for chestnut exports from Belgium, comprising 80% of total exports. The second position in the ranking was occupied by Luxembourg ($25K), with a 9.3% share of total exports. It was followed by Sweden, with a 5.5% share.

What is the average export price for chestnuts in Belgium?

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In 2019, the average chestnut export price amounted to $3,409 per tonne, shrinking by -2% against the previous year.

What is the average import price for chestnuts in Belgium?

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The average chestnut import price stood at $4,405 per tonne in 2019, increasing by 15% against the previous year.