Belgium: Peroxosulphates Market 2024

Peroxosulphates Market Size in Belgium

The Belgian peroxosulphates market soared to $X in 2021, with an increase of 50% 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). Overall, consumption showed a significant expansion. Peroxosulphates consumption peaked in 2021 and is expected to retain growth in years to come.

Peroxosulphates Exports

Exports from Belgium

After two years of growth, overseas shipments of peroxosulphates (persulphates) decreased by -17.6% to X tons in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 265% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank remarkably in the following year.

In value terms, peroxosulphates exports amounted to $X in 2021. In general, exports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 216%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for peroxosulphates exports from Belgium, with a 51% share of total exports. Moreover, peroxosulphates exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+58.5% per year) and the Netherlands (+8.3% per year).

In value terms, Germany ($X) remains the key foreign market for peroxosulphates exports from Belgium, comprising 47% of total exports. The second position in the ranking was taken by Sweden ($X), with a 15% share of total exports. It was followed by the Netherlands, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+54.7% per year) and the Netherlands (+10.6% per year).

Export Prices by Country

The average peroxosulphates export price stood at $X per ton in 2021, picking up by 33% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 77%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Peroxosulphates Imports

Imports into Belgium

In 2021, the amount of peroxosulphates (persulphates) imported into Belgium contracted modestly to X tons, approximately reflecting the year before. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 143% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, peroxosulphates imports soared to $X in 2021. In general, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 145% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of peroxosulphates to Belgium, accounting for a 39% share of total imports. Moreover, peroxosulphates imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.0% per year) and Taiwan (Chinese) (+430.8% per year).

In value terms, the largest peroxosulphates suppliers to Belgium were Germany ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 74% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +410.6%, recorded 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 peroxosulphates import price stood at $X per ton in 2021, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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