Belgium: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Belgium

The Belgian limestone flux and limestone market reduced modestly to $X in 2022, flattening at the previous year. In general, consumption saw a perceptible slump. Limestone flux and limestone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Limestone Flux, Limestone And Calcareous Stone in Belgium

In value terms, limestone flux and limestone production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild contraction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Belgium

In 2022, limestone flux and limestone exports from Belgium reached X tons, picking up by 7.3% on the year before. Over the period under review, exports saw modest growth. The pace of growth appeared the most rapid in 2016 when exports increased by 61%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, limestone flux and limestone exports stood at $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for limestone flux and limestone exports from Belgium, accounting for a 84% share of total exports. Moreover, limestone flux and limestone exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.7% per year) and Germany (+4.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from Belgium, comprising 82% of total exports. The second position in the ranking was taken by Germany ($X), with an 8% share of total exports. It was followed by France, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.7% per year) and France (-0.7% per year).

Export Prices by Country

In 2022, the average limestone flux and limestone export price amounted to $X per ton, with a decrease of -5.3% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, limestone flux and limestone export price increased by +72.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

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 Luxembourg ($X per ton), while the average price for exports to France ($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 Luxembourg (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of limestone flux, limestone and calcareous stone, when their volume decreased by -65.6% to X tons. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 354%. Imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, limestone flux and limestone imports shrank to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 196% against the previous year. Imports peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of limestone flux and limestone to Belgium, accounting for a 73% share of total imports. Moreover, limestone flux and limestone imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was held by Canada (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.2% per year) and Canada (+2,606.3% per year).

In value terms, Canada ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Belgium, comprising 73% of total imports. The second position in the ranking was taken by Spain ($X), with a 10% share of total imports. It was followed by France, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to +3,476.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.5% per year) and France (+10.8% per year).

Import Prices by Country

The average limestone flux and limestone import price stood at $X per ton in 2022, with an increase of 182% against the previous year. Overall, the import price recorded a strong increase. As a result, import price attained 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 Canada ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+32.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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