Belgium: Flat Glass Market 2024

Flat Glass Market Size in Belgium

The Belgian flat glass market contracted notably to $X in 2021, shrinking by -59.5% against the previous year. In general, consumption showed a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Flat Glass Production in Belgium

In value terms, flat glass production rose modestly to $X in 2021 estimated in export price. Overall, production recorded a abrupt decrease. Flat glass production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Flat Glass Exports

Exports from Belgium

In 2021, overseas shipments of flat glass were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a noticeable decline. The growth pace was the most rapid in 2017 with an increase of 77%. 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, flat glass exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), France (X tons) and the UK (X tons) were the main destinations of flat glass exports from Belgium, together accounting for 33% of total exports. Italy, the Czech Republic, Poland, the United Arab Emirates, Germany, the Netherlands, the United States, Spain, Brazil and Kuwait lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), France ($X) and the United States ($X) appeared to be the largest markets for flat glass exported from Belgium worldwide, together accounting for 29% of total exports. These countries were followed by Poland, Italy, the United Arab Emirates, the Czech Republic, the UK, Germany, the Netherlands, Spain, Kuwait and Brazil, which together accounted for a further 40%.

In terms of the main countries of destination, Kuwait, with a CAGR of +12.7%, recorded 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

The average flat glass export price stood at $X per ton in 2021, growing by 6.4% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2016 an increase of 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Flat Glass Imports

Imports into Belgium

In 2021, supplies from abroad of flat glass decreased by -19.5% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, showed a notable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 61% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, flat glass imports reduced modestly to $X in 2021. Over the period under review, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2013 with an increase of 18% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest flat glass supplier to Belgium, accounting for a 55% share of total imports. Moreover, flat glass imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Luxembourg (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.3% per year) and Luxembourg (+2.5% per year).

In value terms, the largest flat glass suppliers to Belgium were France ($X), Germany ($X) and Luxembourg ($X), together accounting for 74% of total imports.

Among the main suppliers, Germany, with a CAGR of +9.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average flat glass import price amounted to $X per ton, growing by 20% against the previous year. Over the period under review, the import price, however, recorded a deep slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :