Belgium: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Belgium

In 2022, the Belgian concrete reinforcing bar market increased by 35% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Concrete Reinforcing Bar Exports

Exports from Belgium

After six years of growth, overseas shipments of concrete reinforcing bars decreased by -10.5% to X tons in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.6% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, concrete reinforcing bar exports expanded sharply to $X in 2022. In general, exports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by 93% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for concrete reinforcing bar exports from Belgium, accounting for a 52% share of total exports. Moreover, concrete reinforcing bar exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.8% per year) and France (-3.8% per year).

In value terms, the largest markets for concrete reinforcing bar exported from Belgium were the Netherlands ($X), Germany ($X) and France ($X), together comprising 90% of total exports.

The Netherlands, with a CAGR of +18.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average concrete reinforcing bar export price stood at $X per ton in 2022, with an increase of 17% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 41%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, 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 (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Belgium

In 2022, overseas purchases of concrete reinforcing bars increased by 7.1% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, concrete reinforcing bar imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 80%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and Algeria (X tons) were the main suppliers of concrete reinforcing bar imports to Belgium, with a combined 66% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Algeria (with a CAGR of +205.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Algeria ($X) constituted the largest concrete reinforcing bar suppliers to Belgium, together accounting for 64% of total imports.

In terms of the main suppliers, Algeria, with a CAGR of +280.8%, saw 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 2022, the average concrete reinforcing bar import price amounted to $X per ton, growing by 21% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +75.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 45% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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