Belgium: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Belgium

The Belgian platinum catalysts market reached $X in 2022, standing approx. at the previous year. Over the period under review, consumption enjoyed a prominent expansion. Platinum catalysts consumption peaked in 2022 and is expected to retain growth in years to come.

Platinum Catalysts Production in Belgium

In value terms, platinum catalysts production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 19% against the previous year. Platinum catalysts production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Platinum Catalysts Exports

Exports from Belgium

Platinum catalysts exports from Belgium declined sharply to X tons in 2022, shrinking by -29% against 2021. Overall, exports showed a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 173%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, platinum catalysts exports reduced sharply to $X in 2022. In general, exports, however, showed a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of 196% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for platinum catalysts exports from Belgium, with a 81% share of total exports. Moreover, platinum catalysts exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), sevenfold. The third position in this ranking was held by France (X kg), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.9% per year) and France (+133.8% per year).

In value terms, Norway ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for platinum catalysts exported from Belgium worldwide, together comprising 100% of total exports.

Germany, with a CAGR of +112.6%, saw the highest rates of growth with regard to 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 platinum catalysts export price amounted to $X per ton, jumping by 18% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2015 an increase of 630% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

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 Norway ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+122.7%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Catalysts Imports

Imports into Belgium

In 2022, overseas purchases of platinum catalysts decreased by -55.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by 3,165% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, platinum catalysts imports soared to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 213% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of platinum catalysts to Belgium, accounting for a 70% share of total imports. Moreover, platinum catalysts imports from Germany exceeded the figures recorded by the second-largest supplier, Norway (X kg), threefold. The third position in this ranking was taken by China (X kg), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-8.4% per year) and China (+142.0% per year).

In value terms, Norway ($X) constituted the largest supplier of platinum catalysts to Belgium, comprising 98% of total imports. The second position in the ranking was held by Germany ($X), with a 2.4% share of total imports. It was followed by China, with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of value from Norway stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and China (+73.0% per year).

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per kg, increasing by 235% against the previous year. Over the period under review, the import price posted significant growth. The growth pace was the most rapid in 2015 an increase of 724% against the previous year. Over the period under review, average import prices reached the maximum at $X per kg in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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