Belgium: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Belgium

The Belgian ammonia in aqueous solution market shrank slightly to $X in 2022, falling by X% against the previous year. Overall, consumption, however, posted a measured expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Ammonia In Aqueous Solution in Belgium

In value terms, ammonia in aqueous solution production rose markedly to $X in 2022 estimated in export price. In general, production showed a notable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Ammonia in aqueous solution production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Ammonia In Aqueous Solution

Exports from Belgium

In 2022, shipments abroad of ammonia in aqueous solution increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ammonia in aqueous solution exports soared to $X in 2022. In general, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for ammonia in aqueous solution exports from Belgium, with a X% share of total exports. Moreover, ammonia in aqueous solution exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), eightfold. Luxembourg (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Luxembourg (X% per year).

In value terms, France ($X) remains the key foreign market for ammonia in aqueous solution exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Luxembourg, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Luxembourg (X% per year).

Export Prices by Country

In 2022, the average ammonia in aqueous solution export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and France ($X per ton), while the average price for exports to Nigeria ($X per ton) and Luxembourg ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ammonia In Aqueous Solution

Imports into Belgium

Ammonia in aqueous solution imports into Belgium soared to X tons in 2022, growing by X% on 2021. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ammonia in aqueous solution imports surged to $X in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) was the main supplier of ammonia in aqueous solution to Belgium, with a X% share of total imports. It was followed by Germany (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ammonia in aqueous solution to Belgium, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average ammonia in aqueous solution import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a slight reduction. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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