Belgium: Plaster Article Market 2024

Plaster Article Market Size in Belgium

In 2021, the Belgian plaster article market decreased by -10.8% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a perceptible contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Plaster Article Production in Belgium

In value terms, plaster article production declined to $X in 2021 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +142.5% against 2017 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 93%. Plaster article production peaked at $X in 2020, and then fell in the following year.

Plaster Article Exports

Exports from Belgium

In 2021, overseas shipments of articles of plaster or of compositions based on plaster increased by 7% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2018 with an increase of 742% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, plaster article exports rose significantly to $X in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 397% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons) and France (X tons) were the main destinations of plaster article exports from Belgium.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +45.4%).

In value terms, the largest markets for plaster article exported from Belgium were France ($X) and the Netherlands ($X).

France, with a CAGR of +33.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average plaster article export price stood at $X per ton in 2021, with an increase of 3.7% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-7.9%).

Plaster Article Imports

Imports into Belgium

In 2021, purchases abroad of articles of plaster or of compositions based on plaster increased by 2.1% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.4% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, plaster article imports rose markedly to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X tons), France (X tons) and Poland (X tons) were the main suppliers of plaster article imports to Belgium, together accounting for 74% of total imports. These countries were followed by the Netherlands, Austria, Turkey, Spain and the UK, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +110.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article suppliers to Belgium were Germany ($X), the Netherlands ($X) and France ($X), together comprising 73% of total imports. Poland, Austria, Turkey, Spain and the UK lagged somewhat behind, together accounting for a further 23%.

Austria, with a CAGR of +103.6%, recorded 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

The average plaster article import price stood at $X per ton in 2021, rising by 6.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Poland ($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 UK (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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