Belgium: Tomato Juice Market 2024

Tomato Juice Market Size in Belgium

In 2022, the Belgian tomato juice market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, posted a slight increase. Tomato juice consumption peaked at $X in 2021, and then shrank in the following year.

Tomato Juice Production in Belgium

In value terms, tomato juice production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Tomato Juice Exports

Exports from Belgium

In 2022, approx. X tons of tomato juice were exported from Belgium; growing by X% on the previous year. Overall, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, tomato juice exports amounted to $X in 2022. In general, exports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for tomato juice exports from Belgium, accounting for a X% share of total exports. Moreover, tomato juice exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled 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, the Netherlands ($X), France ($X) and the UK ($X) constituted the largest markets for tomato juice exported from Belgium worldwide, together comprising X% of total exports.

The UK, with a CAGR of X%, recorded 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

The average tomato juice export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, export price indicated pronounced growth 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, tomato juice export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Juice Imports

Imports into Belgium

After six years of growth, overseas purchases of tomato juice decreased by X% to X tons in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, tomato juice imports contracted to $X in 2022. Overall, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of tomato juice imports to Belgium, with a combined X% share of total imports. The UK, Austria, Spain and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato juice suppliers to Belgium were the UK ($X), Germany ($X) and France ($X), with a combined X% share of total imports.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 tomato juice import price amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($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 mixed trend patterns.

Source: IndexBox Platform

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