Belgium: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Belgium

The Belgian hot-dipped metal-coated sheet market surged to $X in 2021, rising by 165% against the previous year. Overall, consumption saw strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hot-Dipped Metal-Coated Sheet Production in Belgium

In value terms, hot-dipped metal-coated sheet production stood at $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 21% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Belgium

Hot-dipped metal-coated sheet exports from Belgium expanded notably to X tons in 2021, surging by 9.6% compared with the previous year. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-dipped metal-coated sheet exports soared to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.8% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for hot-dipped metal-coated sheet exports from Belgium, accounting for a 38% share of total exports. Moreover, hot-dipped metal-coated sheet exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.5% per year) and the Netherlands (+6.7% per year).

In value terms, Germany ($X) remains the key foreign market for hot-dipped metal-coated sheet exports from Belgium, comprising 37% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.0% per year) and the Netherlands (+9.4% per year).

Export Prices by Country

The average hot-dipped metal-coated sheet export price stood at $X per ton in 2021, growing by 44% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Sweden ($X per ton) and Poland ($X per ton), while the average price for exports to Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Belgium

For the sixth year in a row, Belgium recorded growth in purchases abroad of hot-dipped metal-coated sheet, which increased by 57% to X tons in 2021. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 84%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, hot-dipped metal-coated sheet imports skyrocketed to $X in 2021. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), India (X tons) and Germany (X tons) were the main suppliers of hot-dipped metal-coated sheet imports to Belgium, together comprising 52% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +416.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and Germany ($X) were the largest hot-dipped metal-coated sheet suppliers to Belgium, together comprising 54% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +450.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hot-dipped metal-coated sheet import price amounted to $X per ton, increasing by 65% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-dipped metal-coated sheet import price increased by +71.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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