Belgium: Phosphate Rock Market 2022

Phosphate Rock Market Size in Belgium

The Belgian phosphate rock market surged to $X in 2020, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a mild shrinkage. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Phosphate Rock Exports

Exports from Belgium

In 2020, the amount of phosphate rock exported from Belgium skyrocketed to X tons, rising by X% compared with the previous year. In general, exports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, phosphate rock exports skyrocketed to $X in 2020. Overall, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

France (X tons) was the main destination for phosphate rock exports from Belgium, with a X% share of total exports. Moreover, phosphate rock exports to France exceeded the volume sent to the second major destination, Germany (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and the Netherlands (-X% per year).

In value terms, France ($X) remains the key foreign market for phosphate rock exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2020, the average phosphate rock export price amounted to $X per ton, falling by -X% against the previous year. Overall, the export price recorded a slight decrease. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, 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 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Phosphate Rock Imports

Imports into Belgium

Phosphate rock imports into Belgium skyrocketed to X tons in 2020, jumping by X% compared with the year before. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, phosphate rock imports skyrocketed to $X in 2020. Over the period under review, imports saw a pronounced slump. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Russia (X tons) constituted the largest supplier of phosphate rock to Belgium, accounting for a X% share of total imports. Moreover, phosphate rock imports from Russia exceeded the figures recorded by the second-largest supplier, Morocco (X tons), fivefold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-X% per year) and the Netherlands (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of phosphate rock to Belgium, comprising X% of total imports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Russia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average phosphate rock import price stood at $X per ton in 2020, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Finland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Algeria, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform