Belgium: Sugar Market 2024

Sugar Market Size in Belgium

The Belgian sugar market reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption recorded a perceptible slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Sugar Production in Belgium

In value terms, sugar production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Sugar production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average sugar yield in Belgium was estimated at less than X kg per ha, remaining constant against the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar harvested area in Belgium amounted to less than X ha in 2022, flattening at the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Sugar Exports

Exports from Belgium

In 2022, exports of sugar from Belgium soared to X tons, increasing by X% against 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugar exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced setback. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of sugar exports from Belgium, with a combined X% share of total exports. Italy, the Czech Republic, Austria and the UK lagged somewhat behind, together comprising 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 the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar exported from Belgium were France ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports. Italy, the Czech Republic, Austria and the UK lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average sugar export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

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

Sugar Imports

Imports into Belgium

In 2022, the amount of sugar imported into Belgium expanded slightly to X tons, rising by X% against the previous year. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, sugar imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

Mauritius (X tons), Brazil (X tons) and France (X tons) were the main suppliers of sugar imports to Belgium, with a combined X% share of total imports. Colombia, Guatemala, Germany, Swaziland, the Netherlands, Costa Rica, Malawi and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Mauritius ($X), France ($X) and Brazil ($X) were the largest sugar suppliers to Belgium, with a combined X% share of total imports. Colombia, Germany, the Netherlands, Guatemala, Swaziland, Costa Rica, Malawi and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Colombia, 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

In 2022, the average sugar import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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