Belgium: Olive Market Overview 2021

Olive Market Size in Belgium

In 2019, the Belgian olive market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the immediate term.

Olive Exports

Exports from Belgium

In 2019, exports of olives from Belgium contracted notably to X tonnes, waning by -X% against the previous year. In general, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, olive exports fell to $X in 2019. Overall, exports recorded a deep downturn. The smallest decline of -X% was in 2015. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

France (X tonnes), the Netherlands (X tonnes) and Romania (X tonnes) were the main destinations of olive exports from Belgium, together accounting for X% of total exports. These countries were followed by Switzerland, Germany, Italy and Luxembourg, which together accounted for a further X 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland, while exports for the other leaders experienced a decline.

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

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

Export Prices by Country

In 2019, the average olive export price amounted to $X per tonne, increasing by X% against the previous year. In general, export price indicated temperate growth from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, export price reached 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 Switzerland ($X per tonne), while the average price for exports to Romania ($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 Germany, while the prices for the other major destinations experienced more modest paces of growth.

Olive Imports

Imports into Belgium

In 2019, overseas purchases of olives increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, total imports indicated a resilient increase from 2012 to 2019: its volume increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, olive imports skyrocketed to $X in 2019. Overall, total imports indicated a strong increase from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2014; afterwards, it flattened through to 2019.

Imports by Country

Spain (X tonnes), the Netherlands (X tonnes) and France (X tonnes) were the main suppliers of olive imports to Belgium, together comprising X% of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2019, the average olive import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price showed a slight descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2019, import prices stood 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 Turkey ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olives in the world?

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The country with the largest volume of olive consumption was Spain (6M tonnes), comprising approx. 31% of total volume. Moreover, olive consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (2.2M tonnes), threefold. Morocco (1.9M tonnes) ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of olives in the world?

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Spain (6M tonnes) constituted the country with the largest volume of olive production, accounting for 31% of total volume. Moreover, olive production in Spain exceeded the figures recorded by the second-largest producer, Italy (2.2M tonnes), threefold. The third position in this ranking was occupied by Morocco (1.9M tonnes), with a 9.8% share.

What are the leading suppliers of olives to Belgium?

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In value terms, the Netherlands ($452K) constituted the largest supplier of olive to Belgium, comprising 38% of total imports. The second position in the ranking was occupied by Spain ($200K), with a 17% share of total imports. It was followed by France, with a 15% share.

What are the leading importers of olives from Belgium?

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In value terms, Switzerland ($60K) emerged as the key foreign market for olive exports from Belgium, comprising 39% of total exports. The second position in the ranking was occupied by the Netherlands ($29K), with a 19% share of total exports. It was followed by France, with a 18% share.

What is the average export price for olives in Belgium?

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The average olive export price stood at $4,379 per tonne in 2019, rising by 30% against the previous year.

What is the average import price for olives in Belgium?

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In 2019, the average olive import price amounted to $2,130 per tonne, dropping by -26.2% against the previous year.