Belgium: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2025

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Belgium

The Belgian compounds of rare-earth metals market rose to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption posted a strong increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Belgium

In value terms, compounds of rare-earth metals production expanded to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports from Belgium

In 2022, the amount of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exported from Belgium skyrocketed to X tons, jumping by X% compared with the previous year's figure. In general, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, compounds of rare-earth metals exports surged to $X in 2022. Overall, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for compounds of rare-earth metals exports from Belgium, accounting for a X% share of total exports. Moreover, compounds of rare-earth metals exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exports from Belgium, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

The average compounds of rare-earth metals export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports into Belgium

In 2022, purchases abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, compounds of rare-earth metals imports soared to $X in 2022. In general, imports, however, showed a perceptible descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of compounds of rare-earth metals to Belgium, with a X% share of total imports. Moreover, compounds of rare-earth metals imports from France exceeded the figures recorded by the second-largest supplier, Austria (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and the Netherlands (X% per year).

In value terms, France ($X) constituted the largest supplier of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals to Belgium, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the average compounds of rare-earth metals import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a abrupt descent. The growth pace was the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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