Belgium: Lysine Market 2024

Lysine Market Size in Belgium

In 2022, the Belgian lysine market decreased by -18.1% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then contracted rapidly in the following year.

Lysine Production in Belgium

In value terms, lysine production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 179% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Lysine Exports

Exports from Belgium

After four years of growth, shipments abroad of lysine and its esters, and salts thereof decreased by -46.6% to X tons in 2022. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 61% against the previous year. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, lysine exports dropped sharply to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 129% against the previous year. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of lysine exports from Belgium, together comprising 68% of total exports. Italy, Hungary, Poland, Switzerland, Algeria, Suriname and Turkey lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +86.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for lysine exported from Belgium worldwide, together comprising 65% of total exports. Hungary, Italy, Poland, Algeria, Switzerland, Suriname and Turkey lagged somewhat behind, together comprising a further 23%.

Switzerland, with a CAGR of +74.8%, saw 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

In 2022, the average lysine export price amounted to $X per ton, with an increase of 13% against the previous year. Overall, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 43%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Suriname ($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 Algeria (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Lysine Imports

Imports into Belgium

After three years of growth, purchases abroad of lysine and its esters, and salts thereof decreased by -26.6% to X tons in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 46% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, lysine imports contracted significantly to $X in 2022. In general, imports, however, recorded slight growth. The growth pace was the most rapid in 2021 with an increase of 55%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

The Netherlands (X tons), China (X tons) and Germany (X tons) were the main suppliers of lysine imports to Belgium, together accounting for 92% of total imports. Poland, Italy and South Korea lagged somewhat behind, together accounting for a further 5.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +113.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lysine suppliers to Belgium were the Netherlands ($X), China ($X) and Germany ($X), with a combined 90% share of total imports. Poland, Italy and South Korea lagged somewhat behind, together accounting for a further 6.4%.

Among the main suppliers, Italy, with a CAGR of +109.9%, recorded 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 lysine import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 44%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and South Korea ($X per ton), while the price for the Netherlands ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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