Belgium: Olive Market 2022

Olive Market Size in Belgium

The Belgian olive market soared to $X in 2021, picking up 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). Over the period under review, consumption posted a prominent expansion. Olive consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Olive Exports

Exports from Belgium

In 2021, overseas shipments of olives decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, olive exports contracted rapidly to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for olive exports from Belgium, accounting for a X% share of total exports. Moreover, olive exports to France exceeded the volume sent to the second major destination, Romania (X tons), fivefold. Luxembourg (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Luxembourg (-X% per year).

In value terms, France ($X) remains the key foreign market for olive exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and Romania (+X% per year).

Export Prices by Country

In 2021, the average olive export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Olive Imports

Imports into Belgium

Olive imports into Belgium rose remarkably to X tons in 2021, picking up by X% against the previous year. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, olive imports skyrocketed to $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; afterwards, it flattened through to 2021.

Imports by Country

The Netherlands (X tons), France (X tons) and Spain (X tons) were the main suppliers of olive imports to Belgium, with a combined X% share of total imports. Italy, Germany, Greece and Portugal lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Greece (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest olive suppliers to Belgium were the Netherlands ($X), France ($X) and Spain ($X), with a combined X% share of total imports. These countries were followed by Italy, Greece, Portugal and Germany, which together accounted for a further X the main suppliers, Greece, with a CAGR of +X%, saw the highest rates of growth with regard to 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

In 2021, the average olive import price amounted to $X per ton, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Greece ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :