Belgium: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Belgium

The Belgian bituminous mixtures market expanded rapidly to $X in 2021, surging by 8% against the previous year. In general, the total consumption indicated notable 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, consumption decreased by -13.7% against 2019 indices. Bituminous mixtures consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Bituminous Mixtures Production in Belgium

In value terms, bituminous mixtures production reached $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 decreased by -10.9% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 40%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Bituminous Mixtures Exports

Exports from Belgium

In 2021, approx. X tons of bituminous mixtures were exported from Belgium; surging by 11% compared with the previous year's figure. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 81%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, bituminous mixtures exports surged to $X in 2021. In general, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +87.4% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 41%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for bituminous mixtures exports from Belgium, with a 82% share of total exports. Moreover, bituminous mixtures exports to France exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.8% per year) and the Netherlands (+1.1% per year).

In value terms, France ($X) remains the key foreign market for bituminous mixtures exports from Belgium, comprising 60% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.3% per year) and the Netherlands (-1.3% per year).

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, surging by 13% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($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 the Netherlands (-2.3%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Belgium

In 2021, supplies from abroad of bituminous mixtures increased by 81% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 84%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, bituminous mixtures imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 110% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of bituminous mixtures imports to Belgium, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) constituted the largest bituminous mixtures suppliers to Belgium, with a combined 87% share of total imports.

Among the main suppliers, Germany, with a CAGR of +13.1%, 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

The average bituminous mixtures import price stood at $X per ton in 2021, which is down by -36% against the previous year. In general, the import price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 54%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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