Belgium: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Belgium

The Belgian cyanides and cyanide oxides market reached $X in 2022, almost unchanged from the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in Belgium

In value terms, cyanides and cyanide oxides production stood at $X in 2022 estimated in export price. In general, production, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports from Belgium

Cyanides and cyanide oxides exports from Belgium reduced to X tons in 2022, waning by X% against the year before. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cyanides and cyanide oxides exports stood at $X in 2022. Overall, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for cyanides and cyanide oxides exports from Belgium, with a X% share of total exports. Moreover, cyanides and cyanide oxides exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%.

In value terms, Germany ($X) remains the key foreign market for cyanides, cyanide oxides and complex cyanides exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%.

Export Prices by Country

In 2022, the average cyanides and cyanide oxides export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports into Belgium

In 2022, purchases abroad of cyanides, cyanide oxides and complex cyanides decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cyanides and cyanide oxides imports surged to $X in 2022. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of cyanides and cyanide oxides imports to Belgium, with a combined X% share of total imports. Spain and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyanides and cyanide oxides suppliers to Belgium were Germany ($X), China ($X) and Spain ($X), with a combined X% share of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cyanides and cyanide oxides import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyanides and cyanide oxides import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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