Belgium: Cement Market 2024

Cement Market Size in Belgium

After three years of decline, the Belgian cement market increased by 22% to $X in 2022. Over the period under review, consumption showed a mild descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cement Production in Belgium

In value terms, cement production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Cement Exports

Exports from Belgium

In 2022, after five years of growth, there was significant decline in overseas shipments of cement, when their volume decreased by -5.6% to X tons. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.3% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, cement exports soared to $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.6% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of cement exports from Belgium, with a combined 98% share of total exports. Luxembourg lagged somewhat behind, accounting for a further 1.4%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +4.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cement exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), together accounting for 98% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cement export price stood at $X per ton in 2022, jumping by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 an increase of 30% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per ton), while the average price for exports to Luxembourg ($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 (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into Belgium

In 2022, cement imports into Belgium fell sharply to X tons, waning by -19.8% compared with the previous year. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 11%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cement imports shrank to $X in 2022. Overall, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cement to Belgium, accounting for a 48% share of total imports. Moreover, cement imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Luxembourg (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.2% per year) and Luxembourg (+6.0% per year).

In value terms, Germany ($X), the Netherlands ($X) and Luxembourg ($X) were the largest cement suppliers to Belgium, together comprising 79% of total imports. Denmark, Egypt and France lagged somewhat behind, together comprising a further 16%.

Egypt, with a CAGR of +248.5%, recorded the highest growth rate of 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 cement import price stood at $X per ton in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2020 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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