Belgium: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in Belgium

In 2021, the Belgian semi-chemical fluting market increased by 33% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a perceptible decline. Semi-chemical fluting consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Semi-Chemical Fluting Production in Belgium

In value terms, semi-chemical fluting production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. Semi-chemical fluting production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Semi-Chemical Fluting Exports

Exports from Belgium

For the fourth consecutive year, Belgium recorded growth in overseas shipments of semi-chemical fluting, which increased by 5.8% to X tons in 2021. Over the period under review, exports continue to indicate tangible growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,698% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, semi-chemical fluting exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 940%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons) was the main destination for semi-chemical fluting exports from Belgium, with a 66% share of total exports. Moreover, semi-chemical fluting exports to the Philippines exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. France (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines stood at +108.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+29.1% per year) and France (-8.5% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for semi-chemical fluting exports from Belgium, comprising 62% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by France, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Philippines stood at +109.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+38.0% per year) and France (-6.4% per year).

Export Prices by Country

The average semi-chemical fluting export price stood at $X per ton in 2021, with an increase of 21% against the previous year. Overall, the export price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 121%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Paraguay ($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 Egypt (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Chemical Fluting Imports

Imports into Belgium

After two years of growth, overseas purchases of semi-chemical fluting decreased by -14.2% to X tons in 2021. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 96% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-chemical fluting imports expanded rapidly to $X in 2021. Over the period under review, imports recorded a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 95%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Finland (X tons), France (X tons) and Sweden (X tons) were the main suppliers of semi-chemical fluting imports to Belgium, together accounting for 86% of total imports.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of +62.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-chemical fluting suppliers to Belgium were Finland ($X), France ($X) and Sweden ($X), with a combined 85% share of total imports.

Finland, with a CAGR of +66.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average semi-chemical fluting import price amounted to $X per ton, surging by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, import price attained 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 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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