Belgium: Quinones Market 2024

Quinones Market Size in Belgium

The Belgian quinones market reduced to $X in 2022, dropping by -10.1% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Quinones consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Quinones Production in Belgium

In value terms, quinones production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 5,152,316,400% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Quinones Exports

Exports from Belgium

In 2022, overseas shipments of quinones decreased by -48.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 57%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, quinones exports dropped dramatically to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for quinones exports from Belgium, with a 44% share of total exports. Moreover, quinones exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was held by France (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+3.9% per year) and France (+7.1% per year).

In value terms, Germany ($X) remains the key foreign market for quinones exports from Belgium, comprising 52% of total exports. The second position in the ranking was held by France ($X), with a 16% share of total exports. It was followed by Italy, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.9% per year) and Italy (+0.5% per year).

Export Prices by Country

In 2022, the average quinones export price amounted to $X per ton, increasing by 36% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 115% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Finland ($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 the United States (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Quinones Imports

Imports into Belgium

After three years of growth, supplies from abroad of quinones decreased by -27.2% to X tons in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 112% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, quinones imports reduced rapidly to $X in 2022. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2013 when imports increased by 78% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of quinones to Belgium, with a 80% share of total imports. Moreover, quinones imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.8% per year) and India (+39.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of quinones to Belgium, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by India, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.6% per year) and India (+37.4% per year).

Import Prices by Country

The average quinones import price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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