Belgium: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Belgium

The Belgian medical gel preparations market soared to $X in 2022, with an increase of 32% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Medical gel preparations consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Medical Gel Preparations Production in Belgium

In value terms, medical gel preparations production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 88%. Medical gel preparations production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medical Gel Preparations Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of gel preparations for human or veterinary medicine, when their volume decreased by -63.1% to X tons. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 77% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical gel preparations exports dropped markedly to $X in 2022. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 178% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for medical gel preparations exports from Belgium, with a 63% share of total exports. Moreover, medical gel preparations exports to the Netherlands exceeded the volume sent to the second major destination, Malta (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+113.3% per year) and France (-14.7% per year).

In value terms, the Netherlands ($X), Malta ($X) and France ($X) appeared to be the largest markets for medical gel preparations exported from Belgium worldwide, with a combined 82% share of total exports.

In terms of the main countries of destination, Malta, with a CAGR of +124.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, with a decrease of -15.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 83%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 France ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Belgium

Medical gel preparations imports into Belgium reduced markedly to X tons in 2022, waning by -37% on the year before. In general, imports saw a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 253% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, medical gel preparations imports shrank dramatically to $X in 2022. Over the period under review, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 175%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), France (X tons) and Thailand (X tons) were the main suppliers of medical gel preparations imports to Belgium, together comprising 78% of total imports. China, Hungary, Germany, Italy and the UK lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +86.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Belgium, comprising 40% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by Thailand, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.2% per year) and Thailand (+1.8% per year).

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, which is down by -15.4% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medical gel preparations import price decreased by -33.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 72% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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