Belgium: Feldspar Market 2024

Feldspar Market Size in Belgium

In 2021, the Belgian feldspar market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.7% against 2019 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Feldspar Exports

Exports from Belgium

In 2021, after two years of growth, there was significant decline in shipments abroad of feldspar, when their volume decreased by -60.2% to X tons. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 16,580%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, feldspar exports reduced remarkably to $X in 2021. In general, exports showed a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of 6,351%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for feldspar exports from Belgium, accounting for a 85% share of total exports. Moreover, feldspar exports to Germany exceeded the volume sent to the second major destination, France (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+33.7% per year) and Luxembourg (+395.0% per year).

In value terms, Germany ($X) remains the key foreign market for feldspar exports from Belgium, comprising 78% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+486.6% per year) and France (+21.6% per year).

Export Prices by Country

In 2021, the average feldspar export price amounted to $X per ton, rising by 14% against the previous year. Overall, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 89% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Germany ($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 Luxembourg (+18.5%), while the prices for the other major destinations experienced mixed trend patterns.

Feldspar Imports

Imports into Belgium

In 2021, purchases abroad of feldspar increased by 18% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, feldspar imports stood at $X in 2021. Overall, total imports indicated a remarkable increase 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, imports increased by +112.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 87%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of feldspar to Belgium, accounting for a 75% share of total imports. Moreover, feldspar imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+29.5% per year) and the Netherlands (+31.1% per year).

In value terms, Germany ($X) constituted the largest supplier of feldspar to Belgium, comprising 47% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 16% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+15.4% per year) and Turkey (+37.4% per year).

Import Prices by Country

In 2021, the average feldspar import price amounted to $X per ton, shrinking by -3.7% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price 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. Based on 2021 figures, feldspar import price increased by +57.4% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 41%. As a result, import price reached the peak level of $X per ton, and then contracted modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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