Belgium: Powdered Milk Market 2024

Powdered Milk Market Size in Belgium

In 2022, the Belgian powdered milk market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a prominent increase. Powdered milk consumption peaked in 2022 and is expected to retain growth in years to come.

Powdered Milk Production in Belgium

In value terms, powdered milk production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated a temperate 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Powdered milk production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Powdered Milk Exports

Exports from Belgium

In 2022, shipments abroad of powdered milk decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, powdered milk exports skyrocketed to $X in 2022. In general, exports, however, showed a modest expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons), Indonesia (X tons) and Algeria (X tons) were the main destinations of powdered milk exports from Belgium, together comprising X% of total exports. France, the Philippines, Germany, Italy, Yemen, Malaysia, Poland, Saudi Arabia, Thailand and Nigeria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Algeria ($X) and the Netherlands ($X) were the largest markets for powdered milk exported from Belgium worldwide, with a combined X% share of total exports. France, the Philippines, Italy, Germany, Yemen, Malaysia, Poland, Saudi Arabia, Thailand and Nigeria lagged somewhat behind, together comprising a further X%.

Yemen, with a CAGR of X%, saw 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

In 2022, the average powdered milk export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price 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, powdered milk export price increased by X% against 2017 indices. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Algeria ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Powdered Milk Imports

Imports into Belgium

In 2022, approx. X tons of powdered milk were imported into Belgium; increasing by X% against the previous year. Over the period under review, imports continue to indicate a modest increase. The growth pace was the most rapid in 2021 with an increase of 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 immediate term.

In value terms, powdered milk imports surged to $X in 2022. In general, imports saw mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of powdered milk imports to Belgium, with a combined X% share of total imports. Ireland, the UK and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the largest powdered milk suppliers to Belgium, together comprising X% of total imports. Ireland, the UK and Poland lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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