Belgium: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Belgium

The Belgian buta-1,3-diene and isoprene market contracted to $X in 2022, reducing by -8.3% against the previous year. In general, consumption showed a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Buta-1,3-Diene And Isoprene Production in Belgium

In value terms, buta-1,3-diene and isoprene production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 1,005% against the previous year. Buta-1,3-diene and isoprene production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports from Belgium

In 2022, the amount of buta-1,3-diene and isoprene exported from Belgium shrank remarkably to X tons, reducing by -30% compared with the previous year's figure. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 138%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene exports reduced sharply to $X in 2022. In general, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for buta-1,3-diene and isoprene exports from Belgium, with a 45% share of total exports. Moreover, buta-1,3-diene and isoprene exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by the UK (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +136.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.7% per year) and the UK (+19.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for buta-1,3-diene and isoprene exports from Belgium, comprising 44% of total exports. The second position in the ranking was taken by France ($X), with a 21% share of total exports. It was followed by the UK, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +129.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.5% per year) and the UK (+5.1% per year).

Export Prices by Country

In 2022, the average buta-1,3-diene and isoprene export price amounted to $X per ton, with an increase of 5.6% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 48%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.

Buta-1,3-Diene And Isoprene Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of buta-1,3-diene and isoprene, when their volume decreased by -57.1% to X tons. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 69%. 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, buta-1,3-diene and isoprene imports fell sharply to $X in 2022. Over the period under review, imports faced a deep setback. The growth pace was the most rapid in 2021 with an increase of 77%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of buta-1,3-diene and isoprene imports to Belgium, together accounting for 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +3.6%), while imports for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) constituted the largest buta-1,3-diene and isoprene suppliers to Belgium, with a combined 96% share of total imports.

France, with a CAGR of -6.0%, 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 a decline.

Import Prices by Country

In 2022, the average buta-1,3-diene and isoprene import price amounted to $X per ton, rising by 26% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 when the average import price increased by 65% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Austria ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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