Belgium: Diphosphorus Pentaoxide Market 2024

Diphosphorus Pentaoxide Market Size in Belgium

For the third consecutive year, the Belgian diphosphorus pentaoxide market recorded growth in sales value, which increased by 8.3% to $X in 2022. Overall, consumption, however, enjoyed prominent growth. Diphosphorus pentaoxide consumption peaked in 2022 and is expected to retain growth in years to come.

Diphosphorus Pentaoxide Production in Belgium

In value terms, diphosphorus pentaoxide production surged to $X in 2022 estimated in export price. In general, production saw a temperate increase. The pace of growth was the most pronounced in 2020 with an increase of 106% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Diphosphorus Pentaoxide Exports

Exports from Belgium

In 2022, overseas shipments of diphosphorus pentaoxide decreased by -23.3% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 651% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, diphosphorus pentaoxide exports reduced markedly to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 446% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for diphosphorus pentaoxide exports from Belgium, accounting for a 96% share of total exports. It was followed by South Korea (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -4.5%.

In value terms, the United States ($X) remains the key foreign market for diphosphorus pentaoxide exports from Belgium, comprising 88% of total exports. The second position in the ranking was taken by South Korea ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -6.1%.

Export Prices by Country

The average diphosphorus pentaoxide export price stood at $X per ton in 2022, picking up by 2.8% against the previous year. Over the period under review, the export price, however, saw a mild descent. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+38.1%).

Diphosphorus Pentaoxide Imports

Imports into Belgium

In 2022, imports of diphosphorus pentaoxide into Belgium fell markedly to X tons, waning by -40.6% compared with the previous year's figure. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 908%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, diphosphorus pentaoxide imports reduced dramatically to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 481%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest diphosphorus pentaoxide supplier to Belgium, with a 84% share of total imports. Moreover, diphosphorus pentaoxide imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.6% per year) and Germany (+6.1% per year).

In value terms, China ($X) constituted the largest supplier of diphosphorus pentaoxide to Belgium, comprising 72% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by India, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.6% per year) and India (+56.0% per year).

Import Prices by Country

In 2022, the average diphosphorus pentaoxide import price amounted to $X per ton, increasing by 25% against the previous year. Overall, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 58%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+29.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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