Belgium: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Belgium

The Belgian amine-function compounds market fell remarkably to $X in 2021, which is down by -31.1% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Amine-Function Compounds Production in Belgium

In value terms, amine-function compounds production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when the production volume increased by 156%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Amine-Function Compounds Exports

Exports from Belgium

In 2021, overseas shipments of amine-function compounds increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.3% over the period 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 2013 with an increase of 27% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, amine-function compounds exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a mild setback. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for amine-function compounds exports from Belgium, with a 44% share of total exports. Moreover, amine-function compounds exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Spain (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.8% per year) and Spain (-7.5% per year).

In value terms, Germany ($X) remains the key foreign market for amine-function compounds exports from Belgium, comprising 40% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.7% share of total exports. It was followed by the Netherlands, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.0% per year) and the Netherlands (+13.4% per year).

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, with an increase of 8.2% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 8.7% 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 France ($X per ton), while the average price for exports to Hungary ($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 France (+2.2%), while the prices for the other major destinations experienced a decline.

Amine-Function Compounds Imports

Imports into Belgium

In 2021, purchases abroad of amine-function compounds increased by 27% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 47% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, amine-function compounds imports surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable decrease. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and China (X tons) were the main suppliers of amine-function compounds imports to Belgium, with a combined 54% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest amine-function compounds suppliers to Belgium were the United States ($X), Germany ($X) and France ($X), with a combined 56% share of total imports. China, the Netherlands, Portugal and the UK lagged somewhat behind, together accounting for a further 26%.

China, with a CAGR of +21.5%, saw the highest growth rate of 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

In 2021, the average amine-function compounds import price amounted to $X per ton, standing approx. at the previous year. In general, the import price showed a pronounced descent. The pace of growth appeared the most rapid in 2016 an increase of 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 ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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