Belgium: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Belgium

In 2021, the Belgian market for inorganic oxygen compounds of non-metals decreased by -8.3% to $X, falling for the second year in a row after four years of growth. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Inorganic Oxygen Compounds Of Non-Metals in Belgium

In value terms, inorganic oxygen compounds of non-metals production surged to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Belgium

In 2021, shipments abroad of inorganic oxygen compounds of non-metals increased by 18% to X tons, rising for the sixth year in a row after two years of decline. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 33% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, inorganic oxygen compounds of non-metals exports surged to $X in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +122.8% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 38%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Austria (X tons) were the main destinations of inorganic oxygen compounds of non-metals exports from Belgium, with a combined 62% share of total exports. These countries were followed by the Czech Republic, France, Poland, Spain, Brazil and the United States, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +82.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Austria ($X) appeared to be the largest markets for inorganic oxygen compounds of non-metals exported from Belgium worldwide, with a combined 37% share of total exports. France, the Czech Republic, Poland, Spain, Brazil and the United States lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Poland, with a CAGR of +66.4%, saw 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 export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 24%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Belgium

In 2021, the amount of inorganic oxygen compounds of non-metals imported into Belgium dropped notably to X tons, which is down by -15.9% against 2020. Overall, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2015 with an increase of 7.5%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals imports skyrocketed to $X in 2021. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2018 when imports increased by 37%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to Belgium, with a 44% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-22.8% per year) and the Netherlands (-31.3% per year).

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Belgium were France ($X), Hungary ($X) and the Netherlands ($X), together comprising 64% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +57.7%, saw the highest rates of growth with regard to 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

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, picking up by 37% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 125% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($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 (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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