Belgium: Abs Copolymers Market 2024

Abs Copolymers Market Size in Belgium

In 2021, the Belgian ABS copolymers market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw resilient growth. Consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Abs Copolymers Production in Belgium

In value terms, ABS copolymers production dropped dramatically to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 85%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Abs Copolymers Exports

Exports from Belgium

In 2021, overseas shipments of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms increased by 18% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate tangible growth. The pace of growth was the most pronounced in 2020 with an increase of 154%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ABS copolymers exports skyrocketed to $X in 2021. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 132%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for ABS copolymers exports from Belgium, with a 24% share of total exports. Moreover, ABS copolymers exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.1% per year) and Hungary (+13.3% per year).

In value terms, Germany ($X) remains the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Belgium, comprising 24% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by Hungary, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.3% per year) and Hungary (+13.7% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, growing by 71% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to the UK ($X per ton) and Spain ($X per ton), while the average price for exports to Denmark ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into Belgium

In 2021, approx. X tons of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms were imported into Belgium; with an increase of 20% on 2020. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 156%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, ABS copolymers imports skyrocketed to $X in 2021. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 119%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of ABS copolymers imports to Belgium, with a combined 68% share of total imports. Saudi Arabia, Spain, Taiwan (Chinese), the UK and Germany lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +492.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), South Korea ($X) and the United States ($X) constituted the largest ABS copolymers suppliers to Belgium, together comprising 68% of total imports. These countries were followed by Saudi Arabia, Spain, Taiwan (Chinese), the UK and Germany, which together accounted for a further 25%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +566.0%, saw the highest rates of growth with regard to 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

In 2021, the average ABS copolymers import price amounted to $X per ton, with an increase of 60% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and the UK ($X per ton), while the price for Saudi Arabia ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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