Belgium: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Belgium

The Belgian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reduced notably to $X in 2022, which is down by -58.5% against the previous year. In general, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Belgium

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground shrank to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 0.3%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Belgium

In 2022, shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 8.2% to X square meters, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 49%. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded markedly to $X in 2022. In general, exports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X square meters), the Czech Republic (X square meters) and Poland (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Belgium, together comprising 43% of total exports. The United States, the Netherlands, Germany, the UK, Italy, Finland, Latvia, Japan and Turkey lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +38.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Belgium were the United States ($X), France ($X) and the Czech Republic ($X), together comprising 40% of total exports. Germany, the Netherlands, Poland, the UK, Finland, Italy, Latvia, Japan and Turkey lagged somewhat behind, together accounting for a further 41%.

In terms of the main countries of destination, Latvia, with a CAGR of +35.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, picking up by 6.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Poland ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Belgium

In 2022, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -27.1% to X square meters, falling for the third consecutive year after three years of growth. In general, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 43% against the previous year. As a result, imports reached the peak of X square meters. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose rapidly to $X in 2022. Overall, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 43%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

France (X square meters), Germany (X square meters) and Luxembourg (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Belgium, together accounting for 92% of total imports. Italy, Poland and the Netherlands lagged somewhat behind, together comprising a further 5.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +34.2%), while imports for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Belgium, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 25% share of total imports. It was followed by Luxembourg, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from France stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Luxembourg (+6.3% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, rising by 44% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +95.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform