Belgium: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Belgium

The Belgian adhesive bandage market soared to $X in 2022, surging by 40% against the previous year. In general, consumption recorded a moderate expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Adhesive Bandage Production in Belgium

In value terms, adhesive bandage production declined notably to $X in 2022 estimated in export price. Over the period under review, production faced a deep slump. The growth pace was the most rapid in 2016 with an increase of 2,855% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Adhesive Bandage Exports

Exports from Belgium

In 2022, the amount of adhesive bandages exported from Belgium surged to X tons, growing by 48% compared with the previous year. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2020 when exports increased by 441% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, adhesive bandage exports surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 387% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for adhesive bandage exports from Belgium, accounting for a 35% share of total exports. Moreover, adhesive bandage exports to France exceeded the volume sent to the second major destination, Germany (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.8% per year) and Hungary (+33.2% per year).

In value terms, the largest markets for adhesive bandage exported from Belgium were Germany ($X), France ($X) and Hungary ($X), with a combined 45% share of total exports. These countries were followed by the United States, the Netherlands, Saudi Arabia, Spain, the UK, Poland, Sweden and Denmark, which together accounted for a further 39%.

Among the main countries of destination, Poland, with a CAGR of +64.6%, saw the highest rates of growth with regard to the value of exports, 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 adhesive bandage export price amounted to $X per ton, waning by -20.1% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2019 when the average export price increased by 31% against the previous year. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to France ($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 Netherlands (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Adhesive Bandage Imports

Imports into Belgium

Adhesive bandage imports into Belgium soared to X tons in 2022, with an increase of 70% compared with 2021 figures. Overall, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 193%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, adhesive bandage imports skyrocketed to $X in 2022. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 189%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X tons), China (X tons) and Thailand (X tons) were the main suppliers of adhesive bandage imports to Belgium, with a combined 65% share of total imports. These countries were followed by Finland, Hungary, the Czech Republic, Germany, France and Egypt, which together accounted for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +286.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) constituted the largest supplier of adhesive bandages to Belgium, comprising 35% of total imports. The second position in the ranking was held by Hungary ($X), with a 16% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+301.2% per year) and China (+19.5% per year).

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, dropping by -28.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 41% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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