Price for Protein; Concentrates and Textured Protein Substances in Belgium - 2023
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Belgium (FOB) - 2023
- Price for Protein; Concentrates and Textured Protein Substances in Belgium (CIF) - 2023
- Exports of Protein; Concentrates and Textured Protein Substances in Belgium
- Imports of Protein; Concentrates and Textured Protein Substances in Belgium
Price for Protein; Concentrates and Textured Protein Substances in Belgium (FOB) - 2023
In September 2023, the average export price for protein; concentrates and textured protein substanceses amounted to $3,168 per ton, shrinking by -31.2% against the previous month. Over the period under review, export price indicated a tangible expansion from November 2022 to September 2023: its price increased at an average monthly rate of +2.1% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for protein; concentrates and textured protein substanceses decreased by -11.2% against April 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 98% m-o-m. The export price peaked at $5,483 per ton in March 2023; however, from April 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United Arab Emirates ($17,454 per ton), while the average price for exports to Chile ($1,335 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Belgium (CIF) - 2023
The average import price for protein; concentrates and textured protein substanceses stood at $3,393 per ton in September 2023, rising by 23% against the previous month. Over the period under review, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 70% month-to-month. Over the period under review, average import prices attained the peak figure at $4,803 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From November 2022 to September 2023, the rate of growth in terms of prices for Denmark amounted to +39.8% per month.
Exports of Protein; Concentrates and Textured Protein Substances in Belgium
After three years of growth, overseas shipments of protein; concentrates and textured protein substanceses decreased by -4.1% to 18K tons in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 41%.
In value terms, exports of protein; concentrates and textured protein substanceses fell to $63M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year.
| Export of Protein; Concentrates and Textured Protein Substances in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.9 | 9.3 | 14.6 | 17.4 | 36.1% |
| United Kingdom | 6.5 | 7.7 | 10.5 | 9.2 | 12.3% |
| Germany | 1.3 | 2.4 | 3.4 | 4.7 | 53.5% |
| France | 10.2 | 12.0 | 8.4 | 4.4 | -24.4% |
| United States | 0.5 | 2.8 | 4.5 | 3.6 | 93.1% |
| Spain | 3.6 | 6.8 | 5.2 | 2.6 | -10.3% |
| Italy | 2.0 | 1.3 | 4.6 | 2.4 | 6.3% |
| Poland | 0.7 | 0.5 | 1.6 | 1.5 | 28.9% |
| Portugal | 1.7 | 6.9 | 5.4 | 1.4 | -6.3% |
| Denmark | 0.1 | 0.1 | 0.6 | 0.8 | 100.0% |
| Colombia | 0.1 | 0.2 | 0.4 | 0.8 | 100.0% |
| Others | 9.2 | 8.9 | 13.4 | 14.2 | 15.6% |
| Total | 42.7 | 59.0 | 72.7 | 63.0 | 13.8% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Belgium in 2022:
- Netherlands (6.0K tons)
- Germany (2.4K tons)
- United Kingdom (1.1K tons)
- Denmark (0.9K tons)
- Spain (0.9K tons)
- United States (0.8K tons)
- Italy (0.8K tons)
- Poland (0.6K tons)
- France (0.6K tons)
- Colombia (0.4K tons)
- Portugal (0.3K tons)
Imports of Protein; Concentrates and Textured Protein Substances in Belgium
In 2022, approx. 24K tons of protein; concentrates and textured protein substanceses were imported into Belgium; increasing by 55% compared with the previous year. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of protein; concentrates and textured protein substanceses soared to $57M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +74.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 14.7 | 21.3 | 28.8 | 35.4 | 34.0% |
| Germany | 1.9 | 3.0 | 5.7 | 6.6 | 51.4% |
| France | 2.4 | 4.3 | 3.8 | 5.0 | 27.7% |
| Denmark | 1.8 | 2.0 | 1.3 | 1.4 | -8.0% |
| United Kingdom | 2.3 | 2.0 | 2.9 | 1.1 | -21.8% |
| China | 1.1 | 0.4 | 0.4 | 0.8 | -10.1% |
| Serbia | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
| Others | 8.2 | 5.8 | 4.9 | 6.1 | -9.4% |
| Total | 32.6 | 38.9 | 48.4 | 56.8 | 20.3% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Belgium in 2022:
- Netherlands (19.3K tons)
- Germany (1.2K tons)
- Denmark (1.1K tons)
- France (0.7K tons)
- China (0.4K tons)
- Serbia (0.3K tons)
- United Kingdom (0.2K tons)
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