Belgium: Base Metal Keys Market 2025

Base Metal Keys Market Size in Belgium

The Belgian base metal keys market rose modestly to $X in 2022, increasing by 4.5% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Base Metal Keys Production in Belgium

In value terms, base metal keys production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 28%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Base Metal Keys Exports

Exports from Belgium

In 2022, overseas shipments of base metal keys decreased by -29.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a noticeable decline. The pace of growth was the most pronounced in 2020 when exports increased by 33%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, base metal keys exports contracted sharply to $X in 2022. Overall, exports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main destinations of base metal keys exports from Belgium, together accounting for 72% of total exports. The United States, the Netherlands, the UK, the Czech Republic and China lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for base metal keys exports from Belgium, comprising 38% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports. It was followed by Poland, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.2% per year) and Poland (+1.7% per year).

Export Prices by Country

The average base metal keys export price stood at $X per ton in 2022, surging by 15% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Keys Imports

Imports into Belgium

In 2022, supplies from abroad of base metal keys decreased by -11.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, base metal keys imports dropped markedly to $X in 2022. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of base metal keys imports to Belgium, with a combined 61% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +13.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) were the largest base metal keys suppliers to Belgium, together accounting for 45% of total imports. Japan, Italy, China and the Netherlands lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Italy, with a CAGR of +4.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average base metal keys import price amounted to $X per ton, shrinking by -7.8% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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