Belgium: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in Belgium

The Belgian aniline derivatives market declined significantly to $X in 2021, shrinking by -29.8% against the previous year. Overall, consumption, however, posted a strong increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Aniline Derivatives Production in Belgium

In value terms, aniline derivatives production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2016 with an increase of 64%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Aniline Derivatives Exports

Exports from Belgium

In 2021, shipments abroad of aniline derivatives and their salts increased by 542% to X tons, rising for the fifth year in a row after two years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 606% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, aniline derivatives exports skyrocketed to $X in 2021. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 471%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Colombia (X tons) was the main destination for aniline derivatives exports from Belgium, with a 91% share of total exports. It was followed by the United States (X tons), with a 2.6% share of total exports. Germany (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia totaled +336.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+51.9% per year) and Germany (+4.0% per year).

In value terms, Colombia ($X) emerged as the key foreign market for aniline derivatives and their salts exports from Belgium, comprising 53% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by Guatemala, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled +198.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.8% per year) and Guatemala (+118.9% per year).

Export Prices by Country

The average aniline derivatives export price stood at $X per ton in 2021, with a decrease of -73.9% against the previous year. In general, the export price saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 236%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Colombia ($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 (-0.4%), while the prices for the other major destinations experienced a decline.

Aniline Derivatives Imports

Imports into Belgium

In 2021, purchases abroad of aniline derivatives and their salts increased by 128% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 221%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, aniline derivatives imports declined dramatically to $X in 2021. In general, imports posted a moderate expansion. The growth pace was the most rapid in 2020 when imports increased by 271%. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of aniline derivatives to Belgium, with a 87% share of total imports. Moreover, aniline derivatives imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +102.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.3% per year) and China (-3.0% per year).

In value terms, Germany ($X), Spain ($X) and India ($X) constituted the largest aniline derivatives suppliers to Belgium, together accounting for 91% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +76.5%, recorded 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 aniline derivatives import price stood at $X per ton in 2021, declining by -74.3% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 143%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then declined sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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