Belgium: Activated Carbon Market 2024

Activated Carbon Market Size in Belgium

The Belgian activated carbon market surged to $X in 2022, increasing by 72% against the previous year. Over the period under review, consumption recorded buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Activated Carbon Production in Belgium

In value terms, activated carbon production rose markedly to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Activated Carbon Exports

Exports from Belgium

In 2022, overseas shipments of activated carbon increased by 6.7% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, activated carbon exports skyrocketed to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +61.5% against 2017 indices. The growth pace was the most rapid in 2020 when exports increased by 44%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of activated carbon exports from Belgium, together accounting for 62% of total exports. Poland, Spain, Italy, the UK and Finland lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +25.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for activated carbon exported from Belgium were France ($X), Germany ($X) and the Netherlands ($X), together comprising 58% of total exports. Italy, Poland, the UK, Spain and Finland lagged somewhat behind, together comprising a further 27%.

Italy, with a CAGR of +20.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average activated carbon export price amounted to $X per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2020 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 the UK (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Activated Carbon Imports

Imports into Belgium

Activated carbon imports into Belgium skyrocketed to X tons in 2022, jumping by 17% on the previous year's figure. The total import volume increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 19%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, activated carbon imports surged to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest activated carbon supplier to Belgium, accounting for a 49% share of total imports. Moreover, activated carbon imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.7% per year) and India (+9.7% per year).

In value terms, China ($X), the United States ($X) and India ($X) were the largest activated carbon suppliers to Belgium, with a combined 80% share of total imports.

India, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average activated carbon import price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, activated carbon import price increased by +45.6% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 24%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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