Belgium: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in Belgium

The Belgian agglomerated powder rod market skyrocketed to $X in 2021, increasing by 23% against the previous year. Over the period under review, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Agglomerated Powder Rod Production in Belgium

In value terms, agglomerated powder rod production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2018 with an increase of 15%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Agglomerated Powder Rod Exports

Exports from Belgium

In 2021, the amount of base metal wire and rods of agglomerated base powder exported from Belgium soared to X tons, rising by 136% on the previous year. In general, exports, however, faced a dramatic curtailment. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, agglomerated powder rod exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt downturn. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for agglomerated powder rod exports from Belgium, with a 68% share of total exports. Moreover, agglomerated powder rod exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled -26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.8% per year) and the UK (+36.6% per year).

In value terms, France ($X) emerged as the key foreign market for base metal wire and rods of agglomerated base powder exports from Belgium, comprising 63% of total exports. The second position in the ranking was taken by the UK ($X), with a 4.7% share of total exports. It was followed by Mexico, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to France stood at -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+20.4% per year) and Mexico (+76.6% per year).

Export Prices by Country

In 2021, the average agglomerated powder rod export price amounted to $X per ton, growing by 21% against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 272%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while the average price for exports to Luxembourg ($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 France (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Agglomerated Powder Rod Imports

Imports into Belgium

In 2021, purchases abroad of base metal wire and rods of agglomerated base powder decreased by -11.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of 34%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, agglomerated powder rod imports soared to $X in 2021. Overall, imports continue to indicate a perceptible contraction. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Italy (X tons) and the UK (X tons) were the main suppliers of agglomerated powder rod imports to Belgium, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +53.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of base metal wire and rods of agglomerated base powder to Belgium, comprising 44% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Poland, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +54.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-12.6% per year) and Poland (-13.8% per year).

Import Prices by Country

In 2021, the average agglomerated powder rod import price amounted to $X per ton, surging by 71% against the previous year. Over the period under review, the import price recorded slight growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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