Animal Guts Market in Belgium
Market Overview
The Belgian animal guts market was finally on the rise to reach $
in , after three years of decline. Over the period under review, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Animal guts consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, animal guts production amounted to $ in estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by %. As a result, production attained the peak level of $. From 2009 to , production growth failed to regain momentum.
in , after three years of decline. Over the period under review, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Animal guts consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, animal guts production amounted to $
in estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by %. As a result, production attained the peak level of $. From 2009 to , production growth failed to regain momentum.Consumption
After two years of decline, consumption of guts, bladders and stomachs of animals increased by % to tons in . Overall, consumption recorded a buoyant expansion. Over the period under review, consumption attained the maximum volume at tons in 2019; however, from to , consumption failed to regain momentum.
The value of the animal guts market in Belgium soared to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Animal guts consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
% to tons in . Overall, consumption recorded a buoyant expansion. Over the period under review, consumption attained the maximum volume at tons in 2019; however, from to , consumption failed to regain momentum.The value of the animal guts market in Belgium soared to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Animal guts consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for guts, bladders and stomachs of animals in Belgium, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Belgium domestic supply is expected to continue its growth.
% in 2007 to % in . Belgium domestic supply is expected to continue its growth.Trade Balance
Belgium remains a net exporter of animal guts; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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