Belgium - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRennet Price in Belgium - 2023
Contents:
- Rennet Price in Belgium (CIF) - 2022
- Rennet Price in Belgium (FOB) - 2022
- Rennet Imports in Belgium
- Rennet Exports in Belgium
Rennet Price in Belgium (CIF) - 2022
In 2022, the average rennet import price amounted to $8,822 per ton, waning by -15.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 54% against the previous year. As a result, import price attained the peak level of $10,409 per ton, and then shrank dramatically in the following year.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +14.8% per year.
Rennet Price in Belgium (FOB) - 2022
In 2022, the average rennet export price amounted to $25,445 per ton, with an increase of 12% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 595%. As a result, the export price attained the peak level of $43,733 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($45,050 per ton), while the average price for exports to the UK ($9,569 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 the Netherlands (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Rennet Imports in Belgium
In 2022, overseas purchases of rennet and concentrates thereof decreased by -9.6% to 176 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 +55.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 41%.
In value terms, rennet imports contracted dramatically to $1.6M in 2022. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 88%. As a result, imports attained the peak of $2M, and then reduced remarkably in the following year.
Import of Rennet in Belgium (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 11.0 | 6.4 | 14.3 | 1,551 | 420.5% |
France | 46.1 | 46.0 | 353 | N/A | 176.7% |
Italy | 620 | 437 | N/A | N/A | -29.5% |
Netherlands | 302 | 559 | 1,597 | N/A | 130.0% |
Others | 83.6 | 30.4 | 60.2 | N/A | -15.1% |
Total | 1,063 | 1,078 | 2,025 | 1,551 | 13.4% |
Top Suppliers of Rennet to Belgium in 2022:
- Turkey (175.9 tons)
Rennet Exports in Belgium
In 2022, after three years of growth, there was significant decline in overseas shipments of rennet and concentrates thereof, when their volume decreased by -16.3% to 21 tons. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 249% against the previous year.
In value terms, rennet exports reduced to $539K in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 927% against the previous year.
Export of Rennet in Belgium (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Israel | 43.8 | 441 | 416 | 409 | 110.6% |
France | 4.0 | 27.1 | 61.7 | 55.2 | 139.9% |
Netherlands | 0.5 | 0.9 | 41.0 | 27.7 | 281.2% |
Egypt | N/A | N/A | N/A | 22.7 | 0% |
Spain | N/A | 3.2 | 7.4 | 9.1 | 68.6% |
United Kingdom | N/A | 9.6 | 19.6 | 7.2 | -13.4% |
Germany | N/A | 17.1 | 25.7 | N/A | 50.3% |
Tunisia | 0.9 | N/A | N/A | N/A | 0% |
Others | N/A | 5.5 | 1.6 | 7.9 | 19.8% |
Total | 49.1 | 504 | 573 | 539 | 122.2% |
Top Export Markets for Rennet from Belgium in 2022:
- Israel (9.1 tons)
- France (5.8 tons)
- Netherlands (2.6 tons)
- Egypt (1.9 tons)
- United Kingdom (0.8 tons)
- Spain (0.8 tons)
This report provides an in-depth analysis of the rennet 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:
- Prodcom 20146450 - Rennet and concentrates thereof
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
-
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
This report provides an in-depth analysis of the rennet market in Belgium.
This report provides an in-depth analysis of the global rennet market.
This report provides an in-depth analysis of the rennet market in Belgium.
This report provides an in-depth analysis of the global rennet market.
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