Belgium: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Belgium

In 2021, the Belgian aromatic polyamines market decreased by -93.6% to $X, falling for the third consecutive year after three years of growth. Overall, consumption recorded a precipitous descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Aromatic Polyamines Production in Belgium

In value terms, aromatic polyamines production rose modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable decline. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. Aromatic polyamines production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Aromatic Polyamines Exports

Exports from Belgium

In 2021, after two years of decline, there was significant growth in overseas shipments of aromatic polyamines and their derivatives, salts thereof, when their volume increased by 19% to X tons. The total export volume increased at an average annual rate of +2.7% 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 2017 with an increase of 31%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, aromatic polyamines exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 35%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Germany (X tons) and Brazil (X tons) were the main destinations of aromatic polyamines exports from Belgium, with a combined 50% share of total exports. These countries were followed by Slovakia, Spain, Turkey, France, Romania, Japan, India, Italy, the Netherlands and Poland, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +209.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic polyamines exported from Belgium were the United States ($X), Germany ($X) and Slovakia ($X), with a combined 47% share of total exports.

Slovakia, with a CAGR of +191.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aromatic polyamines export price amounted to $X per ton, picking up by 7.6% against the previous year. Overall, the export price, however, saw a slight setback. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Brazil ($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 Italy (+0.3%), while the prices for the other major destinations experienced a decline.

Aromatic Polyamines Imports

Imports into Belgium

In 2021, aromatic polyamines imports into Belgium expanded slightly to X tons, increasing by 1.5% on the year before. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 13% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, aromatic polyamines imports fell to $X in 2021. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 27%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of aromatic polyamines to Belgium, accounting for a 61% share of total imports. Moreover, aromatic polyamines imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.6% per year) and Saudi Arabia (+194.1% per year).

In value terms, Germany ($X), the United States ($X) and Japan ($X) were the largest aromatic polyamines suppliers to Belgium, together accounting for 72% of total imports. Saudi Arabia and India lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Saudi Arabia, with a CAGR of +211.0%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average aromatic polyamines import price amounted to $X per ton, declining by -7.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 50% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :