Belgium: Oil Crops Market 2024

Oil Crops Market Size in Belgium

In 2022, the Belgian oil crops market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Oil crops consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Oil Crops Production in Belgium

In value terms, oil crops production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of oil crops (primary) in Belgium declined remarkably to X tons per ha in 2022, which is down by X% against the previous year's figure. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the yield attained the peak level of X tons per ha, and then contracted notably in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Belgium soared to X ha, rising by X% against 2021. Overall, the harvested area, however, showed a noticeable shrinkage. Over the period under review, the harvested area dedicated to oil crops production attained the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Oil Crops Exports

Exports from Belgium

In 2022, approx. X tons of oil crops (primary) were exported from Belgium; growing by X% on the year before. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, oil crops exports skyrocketed to $X in 2022. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for oil crops exports from Belgium, accounting for a X% share of total exports. Moreover, oil crops exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), sevenfold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, Germany ($X) remains the key foreign market for oil crops (primary) exports from Belgium, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated a temperate expansion 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, oil crops export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and France ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the UK ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Belgium

In 2022, imports of oil crops (primary) into Belgium surged to X tons, growing by X% on the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, oil crops imports surged to $X in 2022. Overall, imports continue to indicate a pronounced increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X tons), France (X tons) and Ukraine (X tons) were the main suppliers of oil crops imports to Belgium, with a combined X% share of total imports. Brazil, Canada, Russia, Romania, Kazakhstan, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Australia ($X), France ($X) and Ukraine ($X) appeared to be the largest oil crops suppliers to Belgium, together comprising X% of total imports. Romania, Brazil, Russia, Canada, Kazakhstan, the Netherlands and the UK lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average oil crops import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a slight 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, oil crops import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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