Belgium: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Belgium

The Belgian acrylic polymer market soared to $X in 2022, rising by X% against the previous year. In general, consumption continues to indicate a prominent expansion. Acrylic polymer consumption peaked in 2022 and is expected to retain growth in the near future.

Acrylic Polymer Production in Belgium

In value terms, acrylic polymer production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Acrylic Polymer Exports

Exports from Belgium

In 2022, after two years of growth, there was decline in overseas shipments of acrylic polymers (in primary forms), when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank modestly in the following year.

In value terms, acrylic polymer exports expanded significantly to $X in 2022. In general, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

Germany (X tons) was the main destination for acrylic polymer exports from Belgium, with a X% share of total exports. Moreover, acrylic polymer exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Turkey (X% per year).

In value terms, Germany ($X) remains the key foreign market for acrylic polymers (in primary forms) exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average acrylic polymer export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (X%), while the prices for the other major destinations experienced a decline.

Acrylic Polymer Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of acrylic polymers (in primary forms), when their volume decreased by X% to X tons. In general, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, acrylic polymer imports stood at $X in 2022. Over the period under review, imports, however, showed a notable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Japan (X tons), France (X tons) and Germany (X tons) were the main suppliers of acrylic polymer imports to Belgium, together accounting for X% of total imports. The Netherlands, the UK, the United States, Saudi Arabia and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), France ($X) and Germany ($X) constituted the largest acrylic polymer suppliers to Belgium, together comprising X% of total imports. The United States, the Netherlands, the UK, Italy and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acrylic polymer import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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