Belgium: Bismuth Market 2022

Bismuth Market Size in Belgium

The Belgian bismuth market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Bismuth Production in Belgium

In value terms, bismuth production expanded modestly to $X in 2021 estimated in export price. Overall, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by 17%. Bismuth production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bismuth Exports

Exports from Belgium

In 2021, shipments abroad of bismuth decreased by -8.6% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 10,037% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bismuth exports skyrocketed to $X in 2021. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 18,986%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for bismuth exports from Belgium, accounting for a 74% share of total exports. Moreover, bismuth exports to the Netherlands exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +387.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and Germany (+286.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for bismuth exports from Belgium, comprising 79% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by the United States, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +299.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+164.3% per year) and the United States (+137.6% per year).

Export Prices by Country

In 2021, the average bismuth export price amounted to $X per ton, picking up by 41% against the previous year. In general, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 88%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Hong Kong SAR ($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 Thailand (+1.8%), while the prices for the other major destinations experienced a decline.

Bismuth Imports

Imports into Belgium

In 2021, overseas purchases of bismuth decreased by -8.4% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 1,532% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, bismuth imports reached $X in 2021. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 1,196%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Germany (X tons) were the main suppliers of bismuth imports to Belgium, together comprising 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +43.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Germany ($X) appeared to be the largest bismuth suppliers to Belgium, together accounting for 84% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +28.5%, saw the highest growth rate of 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 bismuth import price stood at $X per ton in 2021, growing by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 70% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Germany ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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