Belgium: Corrugated Paper Market 2024

Corrugated Paper Market Size in Belgium

In 2021, the Belgian corrugated paper market decreased by -12.4% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Corrugated paper consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Corrugated Paper Production in Belgium

In value terms, corrugated paper production reached $X in 2021 estimated in export price. In general, production, however, saw a remarkable increase. The growth pace was the most rapid in 2014 when the production volume increased by 145% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Corrugated Paper Exports

Exports from Belgium

In 2021, overseas shipments of corrugated paper and paperboard increased by 40% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 92%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, corrugated paper exports soared to $X in 2021. In general, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 53%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands (X tons), China (X tons) and France (X tons) were the main destinations of corrugated paper exports from Belgium, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +393.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for corrugated paper exported from Belgium were the Netherlands ($X), France ($X) and China ($X), together accounting for 80% of total exports.

In terms of the main countries of destination, China, with a CAGR of +309.9%, recorded the highest rates of growth with regard to the value of exports, 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 corrugated paper export price amounted to $X per ton, standing approx. at the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2013 an increase of 37%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 (-1.5%), while the prices for the other major destinations experienced a decline.

Corrugated Paper Imports

Imports into Belgium

In 2021, approx. X tons of corrugated paper and paperboard were imported into Belgium; with a decrease of -4.1% compared with the previous year. Over the period under review, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 41% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, corrugated paper imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of corrugated paper to Belgium, accounting for a 61% share of total imports. Moreover, corrugated paper imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.5% per year) and Germany (-3.1% per year).

In value terms, France ($X) constituted the largest supplier of corrugated paper and paperboard to Belgium, comprising 56% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.6% per year) and Germany (-9.8% per year).

Import Prices by Country

In 2021, the average corrugated paper import price amounted to $X per ton, jumping by 36% against the previous year. Overall, the import price, however, recorded a slight descent. The import price peaked at $X per ton in 2014; however, from 2015 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 the UK ($X per ton), while the price for France ($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 UK (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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