Belgium: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Belgium

The Belgian chemical contraceptive preparations market skyrocketed to $X in 2021, rising by 205% against the previous year. Over the period under review, consumption recorded a significant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Chemical Contraceptive Preparations Production in Belgium

In value terms, chemical contraceptive preparations production surged to $X in 2021 estimated in export price. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 58% against the previous year. Chemical contraceptive preparations production peaked in 2021 and is expected to retain growth in the near future.

Chemical Contraceptive Preparations Exports

Exports from Belgium

In 2021, approx. X tons of chemical contraceptive preparations based on hormones or spermicides were exported from Belgium; picking up by 68% compared with 2020 figures. Overall, exports saw a noticeable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 116% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; afterwards, it flattened through to 2021.

In value terms, chemical contraceptive preparations exports surged to $X in 2021. In general, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 74% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X tons) was the main destination for chemical contraceptive preparations exports from Belgium, with a 15% share of total exports. Moreover, chemical contraceptive preparations exports to Algeria exceeded the volume sent to the second major destination, Morocco (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Algeria amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+23.3% per year) and Mexico (+10.5% per year).

In value terms, the United States ($X) remains the key foreign market for chemical contraceptive preparations based on hormones or spermicides exports from Belgium, comprising 28% of total exports. The second position in the ranking was held by South Africa ($X), with a 6.5% share of total exports. It was followed by Mexico, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+17.8% per year) and Mexico (-2.9% per year).

Export Prices by Country

The average chemical contraceptive preparations export price stood at $X per ton in 2021, waning by -31.7% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Algeria ($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 (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Chemical Contraceptive Preparations Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in overseas purchases of chemical contraceptive preparations based on hormones or spermicides, which increased by 28% to X tons in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 211% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, chemical contraceptive preparations imports declined to $X in 2021. In general, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 116% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest chemical contraceptive preparations supplier to Belgium, with a 64% share of total imports. Moreover, chemical contraceptive preparations imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Ireland (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.9% per year) and Ireland (-13.9% per year).

In value terms, the Netherlands ($X), Germany ($X) and Ireland ($X) constituted the largest chemical contraceptive preparations suppliers to Belgium, together accounting for 91% of total imports. Spain lagged somewhat behind, accounting for a further 3.3%.

Spain, with a CAGR of +31.2%, recorded 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 2021, the average chemical contraceptive preparations import price amounted to $X per ton, declining by -31.2% against the previous year. In general, the import price faced a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($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 (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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