Almond Market Overview in Belgium
In value terms, almond production shrank sharply to $ in 2019 estimated in export prices. In general, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Almond production peaked at $ in 2018, and then contracted remarkably in the following year.
In 2019, the average yield of almonds in Belgium totaled kg per ha, remaining relatively unchanged against the year before. Over the period under review, the yield continues to indicate 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.
In 2019, the harvested area of almonds in Belgium totaled ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern.
The size of the almond market in Belgium soared to $ in 2019, 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). Overall, consumption, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. Almond consumption peaked at $ in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.