Belgium: Paraformaldehyde Market 2024

Paraformaldehyde Market Size in Belgium

The Belgian paraformaldehyde market dropped to $X in 2022, declining 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). Over the period under review, consumption, however, posted modest growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank slightly in the following year.

Paraformaldehyde Exports

Exports from Belgium

In 2022, overseas shipments of paraformaldehyde decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, paraformaldehyde exports dropped sharply to $X in 2022. In general, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for paraformaldehyde exports from Belgium, with a X% share of total exports. Moreover, paraformaldehyde exports to Bolivia exceeded the volume sent to the second major destination, Senegal (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and France (X% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for paraformaldehyde exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and France (X% per year).

Export Prices by Country

The average paraformaldehyde export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price faced a significant decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Bolivia ($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 France (X%).

Paraformaldehyde Imports

Imports into Belgium

In 2022, approx. X tons of paraformaldehyde were imported into Belgium; shrinking by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, paraformaldehyde imports stood at $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

In 2022, the Netherlands (X tons) was the main paraformaldehyde supplier to Belgium, with a X% share of total imports. Moreover, paraformaldehyde imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of paraformaldehyde to Belgium, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

The average paraformaldehyde import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paraformaldehyde import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the UK ($X per ton), while the price for the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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