Belgium: Sugar Market 2024

Sugar Market Size in Belgium

For the fifth year in a row, the Belgian sugar market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, continues to indicate a slight setback. Sugar consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Sugar Production in Belgium

In value terms, sugar production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. Sugar production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

The average yield of sugar in Belgium was estimated at less than X kg per ha in 2023, remaining stable against the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar harvested area in Belgium stood at less than X ha in 2023, standing approx. at 2022. In general, the harvested area continues to indicate a relatively flat trend pattern.

Sugar Exports

Exports from Belgium

In 2023, overseas shipments of sugar decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, sugar exports skyrocketed to $X in 2023. Over the period under review, exports continue to indicate a pronounced curtailment. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main destinations of sugar exports from Belgium, with a combined X% share of total exports. Greece, Spain, Italy, the UK, Finland, Sri Lanka, Ireland, Turkey, Israel and Egypt lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), together accounting for X% of total exports. Greece, Spain, Italy, the UK, Finland, Ireland, Sri Lanka, Turkey, Israel and Egypt lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Sri Lanka, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average sugar export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price posted a noticeable increase. 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 destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Imports

Imports into Belgium

In 2023, purchases abroad of sugar decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. 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, sugar imports surged to $X in 2023. Over the period under review, imports, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in years to come.

Imports by Country

In 2023, France (X tons) constituted the largest sugar supplier to Belgium, with a X% share of total imports. Moreover, sugar imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, France ($X) constituted the largest supplier of sugar to Belgium, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average sugar import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sugar import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for Brazil ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform