Belgium: Vinegar Market 2024

Vinegar Market Size in Belgium

The Belgian vinegar market expanded sharply to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Vinegar consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Vinegar Production in Belgium

In value terms, vinegar production stood at $X in 2023 estimated in export price. In general, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Vinegar Exports

Exports from Belgium

In 2023, shipments abroad of vinegar decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, vinegar exports surged to $X in 2023. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in years to come.

Exports by Country

France (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of vinegar exports from Belgium, with a combined X% share of total exports. Germany, Luxembourg, the UK, the United States, Sweden and Senegal lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average vinegar export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, 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.

Vinegar Imports

Imports into Belgium

In 2023, supplies from abroad of vinegar decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, vinegar imports rose rapidly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2023 and are likely to see gradual growth in the near future.

Imports by Country

France (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of vinegar imports to Belgium, together accounting for X% of total imports. Germany and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and the Netherlands ($X) constituted the largest vinegar suppliers to Belgium, together accounting for X% of total imports. Germany and Spain lagged somewhat behind, together accounting for a further X%.

Spain, 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 vinegar import price stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform