Belgium: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Belgium

In 2021, the Belgian market for liquid or compressed air and distilled or conductivity water increased by 96% to $X, rising for the third consecutive year after three years of decline. In general, consumption showed a noticeable expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Belgium

In value terms, liquid air and distilled water production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight setback. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Belgium

In 2021, overseas shipments of liquid or compressed air and distilled or conductivity water increased by 12% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2014 with an increase of 33% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, liquid air and distilled water exports rose rapidly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 70%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for liquid air and distilled water exports from Belgium, accounting for a 81% share of total exports. Moreover, liquid air and distilled water exports to France exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.3% per year) and the Netherlands (-5.7% per year).

In value terms, Germany ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from Belgium, comprising 43% of total exports. The second position in the ranking was taken by France ($X), with a 21% share of total exports. It was followed by the UK, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.9% per year) and the UK (-6.1% per year).

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, shrinking by -1.5% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid air and distilled water export price increased by +56.6% against 2015 indices. The pace of growth was the most pronounced in 2014 an increase of 28%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Belgium

For the third year in a row, Belgium recorded growth in overseas purchases of liquid or compressed air and distilled or conductivity water, which increased by 13% to X tons in 2021. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 172%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid air and distilled water imports surged to $X in 2021. Overall, imports saw a prominent increase. The growth pace was the most rapid in 2013 with an increase of 148% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of liquid air and distilled water imports to Belgium, together comprising 92% of total imports. These countries were followed by the UK, the Czech Republic and the United States, which together accounted for a further 5.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +33.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Belgium, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.0% per year) and the Netherlands (+13.1% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price saw a mild expansion. The pace of growth was the most pronounced in 2019 an increase of 19% 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 the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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