Earlier Report Observations
The market volume for groundnut oil-cake in Belgium experienced considerable fluctuations between 2018 and 2023. Starting at 7 172 tonnes in 2018, it fell to 5 980 tonnes in 2019, then surged to 8 105 tonnes in 2020 and further to 8 997 tonnes in 2021, marking the peak of the period. Subsequently, the volume declined to 8 274 tonnes in 2022 and dropped sharply to 6 146 tonnes in 2023.
In value terms, the market followed a similar pattern but with more pronounced swings. The market value decreased from 2 658 thousand US dollars in 2018 to 2 102 thousand in 2019, then jumped by 67% to 3 514 thousand in 2020. It continued growing to 4 017 thousand in 2021 and 4 658 thousand in 2022, before falling to 3 496 thousand in 2023. The value growth in 2022 despite a lower volume suggests changes in pricing or product mix.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.2. In value
- 4.1.2.1. Production, 2018-2023
- 4.1.2.2. Imports, 2018-2024
- 4.1.2.3. Exports, 2018-2024
- 4.1.2.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Belgium
- 5.1.1. Annual dynamics of production in Belgium in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Belgium in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Belgium
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Belgium in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from Belgium by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from Belgium in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from Belgium by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's exports from Belgium, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's exports from Belgium by countries, 2018-2024, $ US/t
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Belgium in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from Belgium by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from Belgium in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from Belgium by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's exports from Belgium, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's exports from Belgium by countries, 2018-2024, $ US/t
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Belgium in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to Belgium by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to Belgium in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to Belgium by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's imports to Belgium, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's imports to Belgium by countries, 2018-2024, $ US/t
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Belgium in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to Belgium by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to Belgium in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to Belgium by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's imports to Belgium, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's imports to Belgium by countries, 2018-2024, $ US/t
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production groundnutoil-cake in Belgium
In kind, 2017-2020, t
Top producers of groundnutoil-cake, 2017-2020
World map of production of groundnutoil-cake, 2017-2020
After two years of decline, groundnut oil-cake production in Belgium rebounded in 2020. The country produced 7,538 tonnes, marking a significant year-over-year increase of 36.1%. Over the 2017-2020 period, production grew by 12.5%, with a compound annual growth rate of 4.0%. The lowest production level was recorded in 2019 at 5,540 tonnes, which also saw the largest decline of 14.9%.
Annual dynamics of production in Belgium in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.9%) | (14.9%) | 36.1% | 4.0% |
In value, 2017-2020, K $ US
In 2020, the value of groundnut oil-cake output in Belgium reached 3,440 thousand US dollars, up 63.7% from the previous year. From 2017 to 2020, production value increased by 52.5%, with a compound annual growth rate of 15.1%. The minimum value was recorded in 2019 at 2,101 thousand US dollars, which also experienced the largest decline of 19.3%.
Annual dynamics of production in Belgium in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 15.4% | (19.3%) | 63.7% | 15.1% |
Exports groundnutoil-cake from Belgium
Exports in kind, t
Belgium's cross-border shipments of groundnut oil-cake declined for the third consecutive year in 2020. Exports totaled 214 tonnes, representing a sharp drop of 48.4% compared to 2019. Over the 2017-2020 period, exports decreased by 62.4%, with a compound annual decline rate of 27.8%.
Annual dynamics of product's exports from Belgium in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (12.1%) | (17.2%) | (48.4%) | (27.8%) |
From 2017 to 2020, France was overwhelmingly the main destination for Belgium's groundnut oil-cake exports in kind, accounting for 99.3% of total flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Belgium in kind, 2017-2020
Exports in value, K $ US
The value of groundnut oil-cake exports from Belgium declined for the second consecutive year in 2020, reaching 97.7 thousand US dollars, down 37.8% from 2019. Between 2017 and 2020, exports decreased by 49%, equating to an annualized decline of 20.1%. The peak value was recorded in 2018 at 200.2 thousand US dollars, which also saw the largest increase of 4.5%.
Annual dynamics of product's exports from Belgium in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 4.5% | (21.5%) | (37.8%) | (20.1%) |
During 2017-2020, groundnut oil-cake from Belgium was supplied almost exclusively to France, which absorbed 97.8% of total exports in value terms.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Belgium in value, 2017-2020
Imports groundnutoil-cake to Belgium
Imports in kind, t
Groundnut oil-cake deliveries to Belgium declined for the third consecutive year in 2020. Imports amounted to 781 tonnes, showing a modest decrease of 8.5% compared to 2019. Over the 2017-2020 period, imports decreased by 77.4%, with a compound annual decline rate of 39.1%.
Annual dynamics of product's imports to Belgium in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (66.3%) | (26.7%) | (8.5%) | (39.1%) |
From 2017 to 2020, Belgium's imports in kind were heavily dependent on the Netherlands, which accounted for 99.7% of total flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Belgium in kind, 2017-2020
Imports in value, K $ US
Market performance showed noticeable fluctuations during the period. The highest value was recorded in 2017, while the lowest occurred in 2019, with a peak-to-trough ratio of 6.1 times. In 2020, Belgium imported 171.2 thousand US dollars of groundnut oil-cake, reflecting a moderate advance of 8.4% compared to 2019. The minimum value was recorded in 2019 at 157.9 thousand US dollars, and the largest decline of 73.4% was recorded in 2018.
Annual dynamics of product's imports to Belgium in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (73.4%) | (38.1%) | 8.4% | (43.7%) |
Throughout 2017-2020, the Netherlands played a dominant role in Belgium's groundnut oil-cake imports in value terms, consistently accounting for 98.6% of total flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Belgium in value, 2017-2020
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