Belgium: Pre-Coated Aggregates Market 2024

Pre-Coated Aggregates Market Size in Belgium

The Belgian pre-coated aggregates market dropped to $X in 2022, reducing by -3.9% against the previous year. Overall, consumption, however, continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Pre-Coated Aggregates Production in Belgium

In value terms, pre-coated aggregates production shrank rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Pre-Coated Aggregates Exports

Exports from Belgium

After three years of growth, shipments abroad of pre-coated aggregates decreased by -29.9% to X tons in 2022. Over the period under review, exports showed a pronounced slump. The growth pace was the most rapid in 2020 when exports increased by 36% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pre-coated aggregates exports reduced remarkably to $X in 2022. In general, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 45%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for pre-coated aggregates exports from Belgium, accounting for a 100% share of total exports. It was followed by Luxembourg (X tons), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at -2.3%.

In value terms, France ($X) remains the key foreign market for pre-coated aggregates exports from Belgium, comprising 98% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to -2.8%.

Export Prices by Country

The average pre-coated aggregates export price stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+8.5%).

Pre-Coated Aggregates Imports

Imports into Belgium

In 2022, the amount of pre-coated aggregates imported into Belgium contracted rapidly to X tons, shrinking by -62.8% on 2021. Overall, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 634%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, pre-coated aggregates imports reduced notably to $X in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 601% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of pre-coated aggregates to Belgium, accounting for a 72% share of total imports. Moreover, pre-coated aggregates imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Luxembourg (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+38.4% per year) and Luxembourg (+16.5% per year).

In value terms, the UK ($X) constituted the largest supplier of pre-coated aggregates to Belgium, comprising 78% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Luxembourg, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.0% per year) and Luxembourg (+6.4% per year).

Import Prices by Country

The average pre-coated aggregates import price stood at $X per ton in 2022, shrinking by -15.8% against the previous year. In general, the import price faced a deep slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 666% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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