Belgium: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Belgium

In 2022, the Belgian reaction initiators and accelerators market decreased by -7.7% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption recorded a significant expansion. Reaction initiators and accelerators consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Belgium

In value terms, reaction initiators and accelerators production rose modestly to $X in 2022 estimated in export price. Overall, production showed a significant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 111%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Belgium

After three years of growth, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -33.6% to X tons in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 68% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted rapidly in the following year.

In value terms, reaction initiators and accelerators exports dropped sharply to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 49%. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

France (X tons) was the main destination for reaction initiators and accelerators exports from Belgium, accounting for a 23% share of total exports. Moreover, reaction initiators and accelerators exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1.0% per year) and the United States (-3.1% per year).

In value terms, the largest markets for reaction initiators and accelerators exported from Belgium were the United States ($X), China ($X) and the Netherlands ($X), together accounting for 37% of total exports. France, South Korea, Germany, Poland, India, Taiwan (Chinese), Kuwait, Italy, Spain and the UK lagged somewhat behind, together comprising a further 49%.

In terms of the main countries of destination, Kuwait, with a CAGR of +50.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, declining by -10.5% against the previous year. Overall, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the UK ($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 Taiwan (Chinese) (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Belgium

After three years of growth, overseas purchases of reaction initiators, reaction accelerators and catalytic preparations decreased by -19.5% to X tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank rapidly in the following year.

In value terms, reaction initiators and accelerators imports fell notably to $X in 2022. Overall, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. Imports peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest reaction initiators and accelerators supplier to Belgium, accounting for a 64% share of total imports. Moreover, reaction initiators and accelerators imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by France (X tons), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.6% per year) and France (+19.4% per year).

In value terms, the largest reaction initiators and accelerators suppliers to Belgium were Germany ($X), the United States ($X) and France ($X), with a combined 79% share of total imports.

In terms of the main suppliers, France, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, waning by -26.4% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2018 an increase of 28%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :