Belgium: Carbides Market 2024

Carbides Market Size in Belgium

The Belgian carbides market totaled $X in 2022, increasing by 4.3% against the previous year. In general, consumption, however, saw a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Carbides Production in Belgium

In value terms, carbides production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 9.3%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Carbides Exports

Exports from Belgium

Carbides exports from Belgium fell significantly to X tons in 2022, with a decrease of -33.4% on the year before. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbides exports rose significantly to $X in 2022. In general, exports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 with an increase of 14% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of carbides exports from Belgium, with a combined 73% share of total exports. Sweden, Norway, the UK, Italy, Switzerland and the Netherlands lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +67.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and Spain ($X) appeared to be the largest markets for carbides exported from Belgium worldwide, together comprising 71% of total exports. Sweden, Norway, the UK, Italy, Switzerland and the Netherlands lagged somewhat behind, together comprising a further 23%.

Norway, with a CAGR of +67.5%, saw the highest growth rate of the value of exports, in terms of 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

The average carbides export price stood at $X per ton in 2022, with an increase of 67% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides export price increased by +94.9% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Norway ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Belgium

In 2022, approx. X tons of carbides were imported into Belgium; waning by -19% on the previous year's figure. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 92%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carbides imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 83%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of carbides imports to Belgium, with a combined 73% share of total imports. China, Venezuela and Russia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carbides suppliers to Belgium were Brazil ($X), Germany ($X) and China ($X), with a combined 69% share of total imports.

In terms of the main suppliers, China, with a CAGR of +16.8%, recorded 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 carbides import price stood at $X per ton in 2022, increasing by 45% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides import price increased by +63.2% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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