Belgium: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Belgium

The Belgian silicon dioxide market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption enjoyed significant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Silicon Dioxide Production in Belgium

In value terms, silicon dioxide production surged to $X in 2021 estimated in export price. In general, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 51%. Over the period under review, production reached the peak level in 2021 and is likely to see gradual growth in the near future.

Silicon Dioxide Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in shipments abroad of silicon dioxide, which increased by 72% to X tons in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +106.5% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide exports soared to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for silicon dioxide exports from Belgium, accounting for a 27% share of total exports. Moreover, silicon dioxide exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+8.4% per year) and the Netherlands (+3.1% per year).

In value terms, Germany ($X) remains the key foreign market for silicon dioxide exports from Belgium, comprising 20% of total exports. The second position in the ranking was taken by France ($X), with a 9.3% share of total exports. It was followed by Spain, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.2% per year) and Spain (+6.5% per year).

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, shrinking by -14.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 22%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 ($X per ton), while the average price for exports to Slovakia ($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 France (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Belgium

In 2021, approx. X tons of silicon dioxide were imported into Belgium; surging by 70% compared with 2020. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports soared to $X in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest silicon dioxide supplier to Belgium, with a 44% share of total imports. Moreover, silicon dioxide imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. India (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.8% per year) and India (+315.0% per year).

In value terms, Germany ($X) constituted the largest supplier of silicon dioxide to Belgium, comprising 46% of total imports. The second position in the ranking was taken by the UK ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+8.3% per year) and the Netherlands (+4.5% per year).

Import Prices by Country

In 2021, the average silicon dioxide import price amounted to $X per ton, with a decrease of -9.1% against the previous year. In general, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in 2020 an increase of 18%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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