Belgium - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Belgium - 2023
Contents:
- Refined Olive Oil Price in Belgium (CIF) - 2022
- Refined Olive Oil Price in Belgium (FOB) - 2023
- Refined Olive Oil Imports in Belgium
- Refined Olive Oil Exports in Belgium
Refined Olive Oil Price in Belgium (CIF) - 2022
The average refined olive oil import price stood at $4,030 per ton in 2022, picking up by 8.1% against the previous year. Overall, the import price, however, recorded a perceptible decline. The growth pace was the most rapid in 2013 an increase of 22%. As a result, import price attained the peak level of $7,630 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($5,870 per ton), while the price for Portugal ($1,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Belgium (FOB) - 2023
In August 2023, the average refined olive oil export price amounted to $12,838 per ton, jumping by 96% against the previous month. Overall, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($31,603 per ton), while the average price for exports to Malta ($3,892 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in Belgium
In 2022, approx. 4.8K tons of refined olive oil were imported into Belgium; picking up by 21% against 2021 figures. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil imports soared to $19M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Olive Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.7 | 6.9 | 5.8 | 9.3 | 6.5% |
| Italy | 2.8 | 2.9 | 4.0 | 3.9 | 11.7% |
| Netherlands | 1.5 | 1.3 | 2.0 | 3.2 | 28.7% |
| Greece | 0.2 | 1.1 | 1.6 | 1.4 | 91.3% |
| France | 0.6 | 0.7 | 0.5 | 0.6 | 0.0% |
| Germany | 0.3 | 0.2 | 0.2 | 0.5 | 18.6% |
| Portugal | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 0.2 | 0.3 | 0.5 | 0.3 | 14.5% |
| Total | 13.4 | 13.5 | 14.8 | 19.5 | 13.3% |
Top Suppliers of Refined Olive Oil to Belgium in 2022:
- Spain (2190.8 tons)
- Italy (841.1 tons)
- Netherlands (763.2 tons)
- Germany (375.2 tons)
- Greece (242.4 tons)
- Portugal (173.9 tons)
- France (169.9 tons)
Refined Olive Oil Exports in Belgium
In 2022, approx. 1K tons of refined olive oil were exported from Belgium; which is down by -73.3% against 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 305%. As a result, the exports reached the peak of 3.8K tons, and then fell markedly in the following year.
In value terms, refined olive oil exports fell notably to $3.8M in 2022. In general, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of 236% against the previous year. As a result, the exports attained the peak of $13M, and then dropped markedly in the following year.
| Export of Refined Olive Oil in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 20.5 | 20.5 | 5,612 | 1,965 | 357.7% |
| France | 163 | 285 | 1,457 | 437 | 38.9% |
| Luxembourg | 160 | 327 | 1,517 | 430 | 39.0% |
| Netherlands | 2,596 | 2,741 | 2,267 | 420 | -45.5% |
| Iceland | 140 | 51.6 | 486 | 276 | 25.4% |
| Japan | 337 | 22.3 | N/A | N/A | -93.4% |
| Others | 173 | 294 | 1,235 | 280 | 17.4% |
| Total | 3,589 | 3,742 | 12,574 | 3,809 | 2.0% |
Top Export Markets for Refined Olive Oil from Belgium in 2022:
- Japan (undefined tons)
- United Kingdom (564.6 tons)
- Iceland (143.9 tons)
- Netherlands (106.1 tons)
- Luxembourg (90.9 tons)
- France (64.2 tons)
This report provides an in-depth analysis of the refined 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:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
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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