Belgium: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Belgium

The Belgian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was estimated at less than $X in 2022, approximately equating the previous year. Overall, consumption continues to indicate a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Belgium

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled less than $X in 2022 estimated in export price. Overall, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 86%. Production of peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Belgium

In 2016, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Belgium skyrocketed to X tons, jumping by 60% compared with the previous year's figure. Overall, total exports indicated prominent growth from 2012 to 2016: its volume increased at an average annual rate of +18.1% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms surged to $X in 2016. Over the period under review, total exports indicated slight growth from 2012 to 2016: its value increased at an average annual rate of +1.1% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, exports decreased by -21.3% against 2014 indices. The exports peaked at $X in 2014; however, from 2015 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Belgium, with a 33% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to France exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 7.7% share.

From 2012 to 2016, the average annual growth rate of volume to France totaled +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.2% per year) and the Netherlands (+15.2% per year).

In value terms, France ($X) emerged as the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Belgium, comprising 33% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2016, the average annual growth rate of value to France totaled +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-21.4% per year) and the Netherlands (+0.6% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, which is down by -11.4% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2013 an increase of 0.2%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2016, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+9.3%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Belgium

In 2016, purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -9.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2016, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped to $X in 2016. Overall, imports faced a sharp decline. The most prominent rate of growth was recorded in 2013 when imports increased by 19% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports of remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Lithuania (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Belgium, together comprising 65% of total imports. France, India, the UK, Taiwan (Chinese), Italy, South Korea, Pakistan, Turkey, Spain and Oman lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +63.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Belgium were the Netherlands ($X), Germany ($X) and Lithuania ($X), together comprising 67% of total imports. France, India, the UK, Taiwan (Chinese), Italy, South Korea, Pakistan, Turkey, Spain and Oman lagged somewhat behind, together comprising a further 29%.

Pakistan, with a CAGR of +42.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, with a decrease of -4.3% against the previous year. In general, the import price faced a deep slump. The growth pace was the most rapid in 2013 when the average import price decreased by -2.9% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, 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 Germany ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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