Belgium: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Belgium

In 2022, the Belgian halogenated hydrocarbon derivative market increased by 176% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Halogenated Hydrocarbon Derivative Production in Belgium

In value terms, halogenated hydrocarbon derivative production declined to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 123% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Halogenated Hydrocarbon Derivative Exports

Exports from Belgium

After seven years of growth, overseas shipments of halogenated derivatives of hydrocarbons decreased by -22.8% to X tons in 2022. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 99%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined sharply in the following year.

In value terms, halogenated hydrocarbon derivative exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 140% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Belgium, with a combined 90% share of total exports. Spain and the United States lagged somewhat behind, together comprising a further 6.1%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +22.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for halogenated hydrocarbon derivative exported from Belgium worldwide, together comprising 79% of total exports.

France, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 halogenated hydrocarbon derivative export price amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while the average price for exports to Germany ($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 the United States (+2.7%), while the prices for the other major destinations experienced a decline.

Halogenated Hydrocarbon Derivative Imports

Imports into Belgium

In 2022, the amount of halogenated derivatives of hydrocarbons imported into Belgium shrank dramatically to X tons, waning by -47.8% compared with 2021 figures. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports shrank markedly to $X in 2022. Overall, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 77%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Belgium, with a 36% share of total imports. Moreover, halogenated hydrocarbon derivative imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.2% per year) and China (+12.1% per year).

In value terms, the largest halogenated hydrocarbon derivative suppliers to Belgium were the United States ($X), China ($X) and Germany ($X), together comprising 71% of total imports. The Netherlands, France, the Czech Republic, the UK and Spain lagged somewhat behind, together accounting for a further 23%.

Spain, with a CAGR of +36.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, with an increase of 46% against the previous year. In general, the import price saw buoyant growth. As a result, import price reached 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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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