Belgium: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Belgium

In 2021, the Belgian expansible polystyrene market decreased by -35.3% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Expansible polystyrene consumption peaked at $X in 2020, and then dropped dramatically in the following year.

Expansible Polystyrene Production in Belgium

In value terms, expansible polystyrene production reduced slightly to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.9% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 31%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Expansible Polystyrene Exports

Exports from Belgium

In 2021, the amount of expansible polystyrene in primary forms exported from Belgium surged to X tons, jumping by 22% compared with 2020 figures. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.0% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 44%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, expansible polystyrene exports skyrocketed to $X in 2021. In general, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for expansible polystyrene exports from Belgium, with a 35% share of total exports. Moreover, expansible polystyrene exports to France exceeded the volume sent to the second major destination, Poland (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+19.5% per year) and the Netherlands (+7.1% per year).

In value terms, France ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Belgium, comprising 31% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+11.1% per year) and Poland (+20.7% per year).

Export Prices by Country

The average expansible polystyrene export price stood at $X per ton in 2021, with an increase of 56% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 Denmark (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into Belgium

In 2021, supplies from abroad of expansible polystyrene in primary forms increased by 0.6% to X tons, rising for the fifth year in a row after two years of decline. In general, total imports indicated a tangible increase 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 +93.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 32% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene imports soared to $X in 2021. Over the period under review, imports continue to indicate a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Iran (X tons), the Netherlands (X tons) and Turkey (X tons) were the main suppliers of expansible polystyrene imports to Belgium, together accounting for 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +252.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Iran ($X) and Turkey ($X) were the largest expansible polystyrene suppliers to Belgium, together comprising 60% of total imports.

Iran, with a CAGR of +269.0%, recorded the highest rates of growth with regard to the value of imports, among 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 expansible polystyrene import price stood at $X per ton in 2021, increasing by 79% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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