Belgium: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Belgium

The Belgian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) reduced to $X in 2021, waning by -1.8% against the previous year. Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Belgium

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 25%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Belgium

In 2021, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 8.3% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 24%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Belgium, with a 20% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Germany exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+15.2% per year) and the Czech Republic (+38.7% per year).

In value terms, Germany ($X) remains the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Belgium, comprising 22% of total exports. The second position in the ranking was taken by the UK ($X), with a 7% share of total exports. It was followed by France, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-7.7% per year) and France (+1.1% per year).

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, surging by 9.8% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Belgium

In 2021, overseas purchases of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, imports posted noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Overall, imports showed notable growth. The pace of growth was the most pronounced in 2020 with an increase of 89% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Japan (X tons), France (X tons) and Germany (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Belgium, together accounting for 67% of total imports. These countries were followed by the Netherlands, the UK, the United States and Italy, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +31.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Belgium were France ($X), Germany ($X) and the Netherlands ($X), together comprising 53% of total imports. Japan, the United States, the UK and Italy lagged somewhat behind, together comprising a further 39%.

Among the main suppliers, the UK, with a CAGR of +28.6%, 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

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the import price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform