Belgium: Hydrazine And Hydroxylamine Market 2024

Hydrazine And Hydroxylamine Market Size in Belgium

The Belgian hydrazine and hydroxylamine market surged to $X in 2022, growing by 58% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Hydrazine and hydroxylamine consumption peaked in 2022 and is likely to see gradual growth in years to come.

Hydrazine And Hydroxylamine Production in Belgium

In value terms, hydrazine and hydroxylamine production amounted to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 41% against the previous year. Hydrazine and hydroxylamine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydrazine And Hydroxylamine Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in overseas shipments of hydrazine and hydroxylamine and their inorganic salts, when their volume decreased by -27.4% to X tons. In general, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by 106% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell markedly in the following year.

In value terms, hydrazine and hydroxylamine exports declined to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 243% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Germany (X tons) was the main destination for hydrazine and hydroxylamine exports from Belgium, accounting for a 48% share of total exports. Moreover, hydrazine and hydroxylamine exports to Germany exceeded the volume sent to the second major destination, Ireland (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+162.0% per year) and Finland (+58.8% per year).

In value terms, the largest markets for hydrazine and hydroxylamine exported from Belgium were Ireland ($X), Germany ($X) and the United States ($X), with a combined 61% share of total exports.

Ireland, with a CAGR of +169.4%, recorded 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

The average hydrazine and hydroxylamine export price stood at $X per ton in 2022, rising by 19% against the previous year. Overall, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 178% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign 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 Germany (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrazine And Hydroxylamine Imports

Imports into Belgium

After six years of growth, overseas purchases of hydrazine and hydroxylamine and their inorganic salts decreased by -22.8% to X tons in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 260% against the previous year. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, hydrazine and hydroxylamine imports declined remarkably to $X in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 305%. Over the period under review, imports attained the maximum at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, Germany (X tons) was the main hydrazine and hydroxylamine supplier to Belgium, with a 96% share of total imports. It was followed by the Netherlands (X tons), with a 2.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+54.1% per year) and France (-35.6% per year).

In value terms, Germany ($X) constituted the largest supplier of hydrazine and hydroxylamine and their inorganic salts to Belgium, comprising 93% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+44.9% per year) and France (-31.9% per year).

Import Prices by Country

In 2022, the average hydrazine and hydroxylamine import price amounted to $X per ton, with a decrease of -5.2% against the previous year. Over the period under review, the import price, however, recorded a modest increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 108% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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