Report Update Nov 1, 2024

Belgium - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Belgium: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Belgium

The Belgian rare earth metal market contracted to $X in 2021, shrinking by -8.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a precipitous curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Rare Earth Metal Exports

Exports from Belgium

For the fifth year in a row, Belgium recorded decline in overseas shipments of rare earth metals, which decreased by -39.5% to X kg in 2021. In general, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2014 with an increase of 230% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, rare earth metal exports dropped modestly to $X in 2021. Over the period under review, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2014 with an increase of 406% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X kg), Switzerland (X kg) and France (X kg) were the main destinations of rare earth metal exports from Belgium, together comprising 71% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for rare earth metals exports from Belgium, comprising 49% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Spain, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-47.2% per year) and Spain (+14.8% per year).

Export Prices by Country

In 2021, the average rare earth metal export price amounted to $X per ton, with an increase of 64% against the previous year. Overall, the export price showed significant growth. The growth pace was the most rapid in 2020 when the average export price increased by 172%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Earth Metal Imports

Imports into Belgium

In 2021, the amount of rare earth metals imported into Belgium dropped to X tons, leveling off at the previous year. Over the period under review, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 158% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, rare earth metal imports declined dramatically to $X in 2021. Overall, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 238% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Austria (X tons), Australia (X tons) and France (X kg) were the main suppliers of rare earth metal imports to Belgium, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Austria ($X) constituted the largest supplier of rare earth metals to Belgium, comprising 67% of total imports. The second position in the ranking was held by France ($X), with a 9.2% share of total imports. It was followed by Indonesia, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-35.7% per year) and Indonesia (+23.2% per year).

Import Prices by Country

The average rare earth metal import price stood at $X per ton in 2021, reducing by -44.2% against the previous year. In general, the import price showed a abrupt downturn. The growth pace was the most rapid in 2020 an increase of 131%. As a result, import price attained the peak level of $X per ton, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+47.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare earth metals in the world?

China constituted the country with the largest volume of rare earth metal consumption, comprising approx. 49% of total volume. Moreover, rare earth metal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. Malaysia ranked third in terms of total consumption with a 12% share.

What are the largest producers of rare earth metals in the world?

China remains the largest rare earth metal producing country worldwide, accounting for 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. Myanmar ranked third in terms of total production with a 12% share.

What are the leading suppliers of rare earth metals to Belgium?

In value terms, Austria constituted the largest supplier of rare earth metal to Belgium, comprising 67% of total imports. The second position in the ranking was occupied by France, with a 9.4% share of total imports. It was followed by Indonesia, with a 7.4% share.

What are the leading importers of rare earth metals from Belgium?

In value terms, Japan remains the key foreign market for rare earth metal exports from Belgium, comprising 52% of total exports. The second position in the ranking was occupied by the United States, with a 14% share of total exports. It was followed by France, with a 5.2% share.

What is the average export price for rare earth metals in Belgium?

The average rare earth metal export price stood at $154,360 per ton in 2021, picking up by 79% against the previous year.

What is the average import price for rare earth metals in Belgium?

The average rare earth metal import price stood at $11,842 per ton in 2021, waning by -46.8% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023