Belgium: Walnut Market 2024

Walnut Market Size in Belgium

In 2022, after four years of decline, there was significant growth in the Belgian walnut market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a perceptible descent. Walnut consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Walnut Production in Belgium

In value terms, walnut production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The average yield of walnuts in Belgium skyrocketed to X tons per ha in 2022, jumping by X% against 2021 figures. Over the period under review, the yield saw temperate growth. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average walnut yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The walnut harvested area in Belgium reduced to X ha in 2022, with a decrease of X% against the previous year. In general, the harvested area continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to walnut production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Walnut Exports

Exports from Belgium

After three years of growth, overseas shipments of walnuts decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, walnut exports expanded to $X in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Romania (X tons), Germany (X tons) and France (X tons) were the main destinations of walnut exports from Belgium, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for walnut exported from Belgium were Germany ($X), Romania ($X) and France ($X), together accounting for X% of total exports.

Romania, with a CAGR of X%, saw 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 mixed trend patterns.

Export Prices by Country

The average walnut export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Romania ($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 France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into Belgium

For the fourth consecutive year, Belgium recorded growth in overseas purchases of walnuts, which increased by X% to X tons in 2022. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, walnut imports rose significantly to $X in 2022. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Australia (X tons) and Chile (X tons) were the main suppliers of walnut imports to Belgium, together accounting for X% of total imports.

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

In value terms, Australia ($X), the United States ($X) and Chile ($X) were the largest walnut suppliers to Belgium, with a combined X% share of total imports.

In terms of the main suppliers, Chile, 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 walnut import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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