Belgium: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Belgium

The Belgian non-rolled bitumen products market shrank significantly to $X in 2022, reducing by -22.8% against the previous year. In general, consumption, however, showed a significant increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Rolled Bitumen Products Production in Belgium

In value terms, non-rolled bitumen products production shrank slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 9%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Rolled Bitumen Products Exports

Exports from Belgium

Non-rolled bitumen products exports from Belgium declined markedly to X tons in 2022, waning by -49% compared with 2021 figures. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 63% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products exports fell sharply to $X in 2022. In general, exports showed a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 66%. 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 non-rolled bitumen products exports from Belgium, with a 74% share of total exports. Moreover, non-rolled bitumen products exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), eightfold. The third position in this ranking was held by Ireland (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-35.0% per year) and Ireland (+1.0% per year).

In value terms, France ($X) remains the key foreign market for non-rolled bitumen products exports from Belgium, comprising 72% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8% share of total exports. It was followed by Democratic Republic of the Congo, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to France totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-30.1% per year) and Democratic Republic of the Congo (+52.7% per year).

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, surging by 9% against the previous year. In general, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 78%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Poland ($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 Slovakia (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Belgium

In 2022, supplies from abroad of non-rolled bitumen products decreased by -52.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 139% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped remarkably in the following year.

In value terms, non-rolled bitumen products imports dropped notably to $X in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 113%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest non-rolled bitumen products supplier to Belgium, with a 81% share of total imports. Moreover, non-rolled bitumen products imports from Slovakia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from Slovakia stood at +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.2% per year) and France (-11.9% per year).

In value terms, Slovakia ($X) constituted the largest supplier of non-rolled bitumen products to Belgium, comprising 46% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.3% per year) and France (-12.9% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, which is down by -18.7% against the previous year. In general, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 23%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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