Benelux: Cereal Flour Market 2024

Cereal Flour Market Size in Benelux

The Benelux cereal flour market rose notably to $X in 2023, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cereal Flour Production in Benelux

In value terms, cereal flour production shrank to $X in 2023 estimated in export price. Overall, production, however, recorded a mild setback. The growth pace was the most rapid in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Cereal Flour Exports

Exports in Benelux

In 2023, shipments abroad of cereal flours decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, cereal flour exports reached $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

Exports by Country

Belgium was the key exporter of cereal flours in Benelux, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by the Netherlands (X tons) and Luxembourg (X tons), together generating a X% share of total exports.

Exports from Belgium decreased at an average annual rate of X% from 2012 to 2023. At the same time, Luxembourg (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2023. The Netherlands (X p.p.) and Luxembourg (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest cereal flour supplying countries in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

Among the main exporting countries, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, jumping by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cereal flour export price increased by X% against 2016 indices. As a result, the export 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 suppliers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Cereal Flour Imports

Imports in Benelux

In 2023, purchases abroad of cereal flours decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports recorded a slight shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, cereal flour imports surged to $X in 2023. Total imports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the main importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Belgium (X tons), committing a X% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of cereal flours. At the same time, Luxembourg (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2023. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of Luxembourg (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported cereal flours in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the Netherlands stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform