Belgium - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Belgium - 2021
Contents:
- Virgin Olive Oil Price in Belgium (CIF) - 2021
- Virgin Olive Oil Price in Belgium (FOB) - 2021
- Virgin Olive Oil Imports in Belgium
- Virgin Olive Oil Exports in Belgium
Virgin Olive Oil Price in Belgium (CIF) - 2021
In November 2021, the average virgin olive oil import price amounted to $4,751 per ton, standing approximately at the previous month. Over the period from November 2020 to November 2021, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in February 2021 when the average import price increased by 18% against the previous month. Over the period under review, average import prices reached the maximum at $5,546 per ton in September 2021; however, from October 2021 to November 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($7,905 per ton), while the price for Spain ($3,487 per ton) was amongst the lowest.
From November 2020 to November 2021, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Virgin Olive Oil Price in Belgium (FOB) - 2021
The average virgin olive oil export price stood at $3,738 per ton in November 2021, dropping by -15.8% against the previous month. In general, the export price showed a pronounced contraction. The pace of growth was the most pronounced in July 2021 when the average export price increased by 12% against the previous month. The export price peaked at $5,007 per ton in December 2020; however, from January 2021 to November 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2021, the country with the highest price was the Netherlands ($7,334 per ton), while the average price for exports to the United States ($3,293 per ton) was amongst the lowest.
From November 2020 to November 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Virgin Olive Oil Imports in Belgium
For the fourth year in a row, Belgium recorded growth in purchases abroad of virgin olive oil, which increased by 15% to 21K tons in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, virgin olive oil imports declined to $79M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 33%.
| Import of Virgin Olive Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 25.0 | 29.8 | 38.0 | 33.9 | 10.7% |
| Italy | 13.5 | 20.3 | 25.0 | 21.3 | 16.4% |
| France | 7.9 | 10.3 | 11.2 | 10.9 | 11.3% |
| Greece | 1.8 | 3.6 | 5.6 | 4.8 | 38.7% |
| Netherlands | 2.5 | 2.6 | 2.6 | 2.9 | 5.1% |
| Morocco | N/A | 0.7 | 1.7 | 1.5 | 46.4% |
| Others | 2.0 | 2.5 | 3.4 | 3.6 | 21.6% |
| Total | 52.7 | 69.9 | 87.6 | 78.7 | 14.3% |
Top Suppliers of Virgin Olive Oil to Belgium in 2022:
- Spain (9.8K tons)
- Italy (6.7K tons)
- France (2.3K tons)
- Greece (0.8K tons)
- Netherlands (0.5K tons)
- Morocco (0.3K tons)
Virgin Olive Oil Exports in Belgium
In 2022, overseas shipments of virgin olive oil decreased by -26.7% to 5.5K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year.
In value terms, virgin olive oil exports dropped remarkably to $25M in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 153%.
| Export of Virgin Olive Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Luxembourg | 1.8 | 5.2 | 9.1 | 6.8 | 55.7% |
| France | 1.3 | 2.8 | 7.1 | 4.8 | 54.6% |
| United Kingdom | 0.6 | 2.3 | 4.7 | 3.2 | 74.7% |
| Netherlands | 0.6 | 1.3 | 3.0 | 2.1 | 51.8% |
| Tunisia | 0.2 | 1.1 | 2.3 | 1.5 | 95.7% |
| Germany | 0.7 | 0.5 | 0.2 | 1.2 | 19.7% |
| Democratic Republic of the Congo | 0.3 | 0.9 | 1.5 | 1.1 | 54.2% |
| United States | 0.2 | 0.4 | 0.5 | 0.5 | 35.7% |
| Ireland | 0.1 | 0.3 | 0.7 | 0.5 | 71.0% |
| Spain | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.6 | 1.7 | 3.8 | 2.6 | 63.0% |
| Total | 6.5 | 16.5 | 32.8 | 24.7 | 56.0% |
Top Export Markets for Virgin Olive Oil from Belgium in 2022:
- Luxembourg (1443.7 tons)
- France (1121.1 tons)
- United Kingdom (798.8 tons)
- Netherlands (521.6 tons)
- Tunisia (306.0 tons)
- Germany (245.0 tons)
- Democratic Republic of the Congo (227.7 tons)
- United States (114.1 tons)
- Spain (112.7 tons)
- Ireland (110.7 tons)
This report provides an in-depth analysis of the virgin olive oil market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 261 - Oil of Olives, Virgin
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the virgin olive oil market in Belgium.
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This report provides an in-depth analysis of the olive oil market in Belgium.
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This report provides an in-depth analysis of the global olive oil market.
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This report provides an in-depth analysis of the global refined olive oil market.
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This report provides an in-depth analysis of the virgin olive oil market in Belgium.
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This report provides an in-depth analysis of the olive oil market in Belgium.
441
This report provides an in-depth analysis of the refined olive oil market in Belgium.
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This report provides an in-depth analysis of the global virgin olive oil market.
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Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
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The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
3382
In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
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Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
719
The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
3382
In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
