Belgium: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Belgium

The Belgian market for organo-sulphur compounds and other organo-inorganic compounds reduced sharply to $X in 2022, waning by -32.8% against the previous year. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Belgium

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds fell notably to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 64% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Belgium

In 2022, overseas shipments of organo-sulphur compounds and other organo-inorganic compounds decreased by -41.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a perceptible slump. The pace of growth was the most pronounced in 2020 when exports increased by 61% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then shrank remarkably in the following year.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds declined significantly to $X in 2022. Over the period under review, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when exports increased by 62%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from Belgium, with a combined 38% share of total exports. France, Malaysia, Indonesia, Italy, India, the Netherlands, Poland, South Korea, Spain and the UK lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +27.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Germany ($X) and China ($X) constituted the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Belgium worldwide, with a combined 38% share of total exports. The United States, Indonesia, France, Italy, South Korea, the Netherlands, India, Spain, Poland and the UK lagged somewhat behind, together accounting for a further 44%.

Indonesia, with a CAGR of +34.4%, saw the highest growth rate of 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 export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, jumping by 35% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price 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. Based on 2022 figures, export price for organo-sulphur compounds and other organo-inorganic compounds increased by +66.0% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Poland ($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 Malaysia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Belgium

In 2022, approx. X tons of organo-sulphur compounds and other organo-inorganic compounds were imported into Belgium; waning by -39.9% compared with 2021. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 with an increase of 135%. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds declined sharply to $X in 2022. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 158%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Belgium, together comprising 79% of total imports. India, the UK, Spain, France, Japan and the Netherlands lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Belgium were the United States ($X), Germany ($X) and China ($X), together comprising 75% of total imports. The Netherlands, the UK, India, Japan, France and Spain lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, India, with a CAGR of +11.5%, saw the highest growth rate of 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 organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, rising by 8.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9.8%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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