Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium (CIF) - 2023
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium (FOB) - 2023
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium (CIF) - 2023
The average import price for vegetables; potatoes (other than seed), fresh or chilleds stood at $12,809 per ton in October 2023, growing by 4,563% against the previous month. In general, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Taiwan (Chinese) ($27,997 per ton), while the price for the UK amounted to $1,419 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium (FOB) - 2023
In October 2023, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $376 per ton, shrinking by -8.4% against the previous month. In general, export price indicated a prominent increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for vegetables; potatoes (other than seed), fresh or chilleds increased by +33.0% against June 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 65% m-o-m. Over the period under review, the average export prices hit record highs at $410 per ton in September 2023, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Cote d'Ivoire ($470 per ton), while the average price for exports to Benin ($171 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium
For the fourth year in a row, Belgium recorded growth in overseas purchases of vegetables; potatoes (other than seed), fresh or chilleds, which increased by 10% to 3.2M tons in 2022. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds soared to $676M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 260 | 262 | 262 | 311 | 6.2% |
| Netherlands | 142 | 107 | 131 | 169 | 6.0% |
| Germany | 152 | 85.7 | 125 | 159 | 1.5% |
| Others | 56.3 | 53.6 | 48.5 | 37.2 | -12.9% |
| Total | 610 | 508 | 567 | 676 | 3.5% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Belgium in 2022:
- France (1642.8K tons)
- Germany (799.2K tons)
- Netherlands (717.6K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium
In 2022, approx. 1M tons of vegetables; potatoes (other than seed), fresh or chilleds were exported from Belgium; with an increase of 8.7% compared with 2021 figures. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 13% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds expanded sharply to $188M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 94.4 | 100 | 99.7 | 111 | 5.5% |
| France | 44.6 | 30.1 | 30.6 | 35.4 | -7.4% |
| Germany | 18.7 | 20.3 | 19.0 | 19.0 | 0.5% |
| Others | 16.6 | 23.2 | 21.6 | 22.2 | 10.2% |
| Total | 174 | 174 | 171 | 188 | 2.6% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Belgium in 2022:
- Netherlands (778.2K tons)
- France (131.0K tons)
- Germany (37.1K tons)
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