Belgium: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Belgium

The Belgian ferro-cerium and pyrophoric alloys market contracted rapidly to $X in 2021, which is down by -48.5% against the previous year. Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Belgium

In value terms, ferro-cerium and pyrophoric alloys production dropped sharply to $X in 2021 estimated in export price. Overall, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 11,786% against the previous year. Ferro-cerium and pyrophoric alloys production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Belgium

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys increased by 22% to X tons, rising for the fourth year in a row after two years of decline. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 42%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 110%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Belgium, accounting for a 46% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to France exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by Luxembourg (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+44.6% per year) and Luxembourg (-5.3% per year).

In value terms, France ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Belgium, comprising 40% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to France stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-4.7% per year) and the Netherlands (-9.2% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, reducing by -4.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 47%. The export price peaked at $X per ton in 2017; however, from 2018 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 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 Turkey (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Belgium

For the third year in a row, Belgium recorded decline in purchases abroad of ferro-cerium and pyrophoric alloys, which decreased by -34.5% to X tons in 2021. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports declined rapidly to $X in 2021. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Belgium, with a 53% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.3% per year) and France (-10.0% per year).

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Belgium were the Netherlands ($X), Germany ($X) and France ($X), with a combined 82% share of total imports. These countries were followed by Ukraine, Ireland and the UK, which together accounted for a further 16%.

Ukraine, with a CAGR of +254.6%, 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 a decline.

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, shrinking by -20.1% against the previous year. Overall, the import price recorded a pronounced decline. The growth pace was the most rapid in 2020 when the average import price increased by 24%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Ireland ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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