Belgium: Chlorides Market 2024

Chlorides Market Size in Belgium

The Belgian chlorides market declined to $X in 2021, dropping by -5% against the previous year. Over the period under review, consumption, however, saw a slight expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Chlorides Production in Belgium

In value terms, chlorides production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 54% against the previous year. Chlorides production peaked at $X in 2020, and then shrank in the following year.

Chlorides Exports

Exports from Belgium

Chlorides exports from Belgium reached X tons in 2021, picking up by 3.7% against 2020 figures. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, chlorides exports surged to $X in 2021. Overall, exports showed a notable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 170% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of chlorides exports from Belgium, together comprising 62% of total exports. These countries were followed by the UK, Switzerland and the United States, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +54.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chlorides exported from Belgium were France ($X), Germany ($X) and the Netherlands ($X), together accounting for 64% of total exports. These countries were followed by the UK, the United States and Switzerland, which together accounted for a further 13%.

The United States, with a CAGR of +19.1%, 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 2021, the average chlorides export price amounted to $X per ton, growing by 24% against the previous year. Overall, the export price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($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 Germany (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Chlorides Imports

Imports into Belgium

In 2021, approx. X tons of chlorides (excluding ammonium chloride) were imported into Belgium; surging by 5.7% on 2020. Over the period under review, imports posted notable growth. The most prominent rate of growth was recorded in 2018 with an increase of 160% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, chlorides imports expanded slightly to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 125% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of chlorides to Belgium, accounting for a 46% share of total imports. Moreover, chlorides imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+50.8% per year) and France (+7.4% per year).

In value terms, the largest chlorides suppliers to Belgium were Germany ($X), India ($X) and France ($X), with a combined 69% share of total imports. Finland, the Netherlands, Sweden and Israel lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Finland, with a CAGR of +45.1%, saw the highest rates of growth with regard to 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 chlorides import price stood at $X per ton in 2021, falling by -3% against the previous year. In general, the import price saw a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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