Growing Demand from China and Russia Drives Netherlands’ Baby Food Exports
IndexBox has just published a new report: ‘Netherlands – Food Preparations For Infants – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
Last year, baby food exports from the Netherlands grew by +5.7% y-o-y in physical terms, driven primarily by rising demand from China and Russia. In 2020, the Netherlands supplied abroad 237K tonnes of baby food worth $2.7B. China and Russia constitute the largest importers, accounting for 54% of the total export volume.
Baby Food Exports from the Netherlands
In 2020, the amount of food preparations for infants exported from the Netherlands rose remarkably to 237K tonnes, with an increase of +5.7% compared with the year before. In value terms, baby food exports rose by +7.8% y-o-y to $2.7B (IndexBox estimates) in 2020.
China (129K tonnes) was the leading destination for baby food exports from the Netherlands, accounting for 54% of total exports. Moreover, baby food exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (15K tonnes), eightfold. Russia (11K tonnes) occupied the third position in this ranking, with a 4.5% share.
In value terms, China ($1.7B) remains the key foreign market for baby food exports from the Netherlands, comprising 64% of total exports. Hong Kong SAR ($277M) occupied the second position in the ranking, with a 10% share of total exports, followed by Russia, with a 2.7% share.
In 2020, the value of supplies to China and Russia increased by +19.2% y-o-y and +4.1% y-o-y, respectively. By contrast, exports to Hong Kong SAR dropped by -32.3% y-o-y.
The average baby food export price stood at $11,318 per tonne in 2020, surging by +2% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR, while the average price for exports to Greece was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Poland, while the prices for the other significant destinations experienced more modest paces of growth.
Source: IndexBox Platform
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