Belgium: Other Chemical Products Market 2024

Other Chemical Products Market Size in Belgium

The Belgian other chemical products market dropped to $X in 2022, shrinking by -2.3% against the previous year. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Other Chemical Products Production in Belgium

In value terms, other chemical products production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a precipitous setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. Over the period under review, production attained the maximum level at $X in 2021, and then dropped rapidly in the following year.

Other Chemical Products Exports

Exports from Belgium

After three years of decline, shipments abroad of other chemical products increased by 20% to X tons in 2016. Overall, exports, however, saw a deep downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, other chemical products exports expanded markedly to $X in 2016. Over the period under review, exports, however, showed a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for other chemical products exports from Belgium, with a 50% share of total exports. Moreover, other chemical products exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. France (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2016, the average annual growth rate of volume to Germany stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-30.6% per year) and France (-9.5% per year).

In value terms, Germany ($X) remains the key foreign market for other chemical products exports from Belgium, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with a 9.6% share of total exports. It was followed by the UK, with a 6.9% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Germany stood at -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-12.0% per year) and the UK (-23.6% per year).

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, declining by -11.1% against the previous year. In general, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2016, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+5.2%), while the prices for the other major destinations experienced a decline.

Other Chemical Products Imports

Imports into Belgium

For the fourth year in a row, Belgium recorded decline in purchases abroad of other chemical products, which decreased by -0.5% to X tons in 2016. In general, imports saw a abrupt downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2016, imports failed to regain momentum.

In value terms, other chemical products imports reduced to $X in 2016. Overall, imports saw a abrupt descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, Germany (X tons) constituted the largest supplier of other chemical products to Belgium, with a 38% share of total imports. Moreover, other chemical products imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. France (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from Germany stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-35.5% per year) and France (-3.7% per year).

In value terms, Germany ($X) constituted the largest supplier of other chemical products to Belgium, comprising 37% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by the United States, with a 9.9% share.

From 2012 to 2016, the average annual growth rate of value from Germany amounted to -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-32.8% per year) and the United States (-19.3% per year).

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2016, with a decrease of -2.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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