Belgium: Borates And Perborates Market 2024

Borates And Perborates Market Size in Belgium

In 2022, after three years of decline, there was growth in the Belgian borates and perborates market, when its value increased by X% to $X. Overall, consumption, however, recorded a mild downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Borates And Perborates Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in overseas shipments of borates, peroxoborates (perborates), when their volume decreased by X% to X tons. Overall, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, borates and perborates exports contracted notably to $X in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Ukraine (X tons) were the main destinations of borates and perborates exports from Belgium, together accounting for X% of total exports. The UK, Malaysia, Italy, the Netherlands, Austria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Germany ($X) and Ukraine ($X) were the largest markets for borates and perborates exported from Belgium worldwide, together accounting for X% of total exports. The UK, Austria, Italy, the Netherlands, the Czech Republic and Malaysia lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average borates and perborates export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Malaysia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Borates And Perborates Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of borates, peroxoborates (perborates), when their volume decreased by X% to X tons. Overall, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, borates and perborates imports declined to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Luxembourg (X tons) constituted the largest borates and perborates supplier to Belgium, accounting for a X% share of total imports. Moreover, borates and perborates imports from Luxembourg exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Luxembourg stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

In value terms, Luxembourg ($X), the Netherlands ($X) and Turkey ($X) constituted the largest borates and perborates suppliers to Belgium, with a combined X% share of total imports.

Luxembourg, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average borates and perborates import price amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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