Belgium: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Belgium

After two years of growth, the Belgian oxides of boron market decreased by -25.9% to $X in 2022. In general, consumption, however, recorded a noticeable increase. Oxides of boron consumption peaked at $X in 2021, and then dropped notably in the following year.

Oxides Of Boron Production in Belgium

In value terms, oxides of boron production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a deep setback. The growth pace was the most rapid in 2020 with an increase of 10%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Oxides Of Boron Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in shipments abroad of oxides of boron, boric acids and inorganic acids, when their volume decreased by -71.1% to X tons. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 358%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports dropped notably to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 345%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for oxides of boron exports from Belgium, with a 32% share of total exports. Moreover, oxides of boron exports to Norway exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +168.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-17.3% per year) and Poland (+19.2% per year).

In value terms, the largest markets for oxides of boron exported from Belgium were Norway ($X), France ($X) and Poland ($X), with a combined 43% share of total exports.

Norway, with a CAGR of +165.6%, recorded 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 oxides of boron export price amounted to $X per ton, rising by 1.9% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 50%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Norway ($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 Italy (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Belgium

In 2022, after three years of growth, there was significant decline in purchases abroad of oxides of boron, boric acids and inorganic acids, when their volume decreased by -45.3% to X tons. In general, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 192% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, oxides of boron imports shrank dramatically to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 124%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest oxides of boron supplier to Belgium, with a 56% share of total imports. Moreover, oxides of boron imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), fourfold. Russia (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+35.7% per year) and Russia (-5.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to Belgium, comprising 30% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 12% share of total imports. It was followed by Jordan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+33.9% per year) and Jordan (+13.4% per year).

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, dropping by -2.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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