Belgium: Silicone Market 2024

Silicone Market Size in Belgium

The Belgian silicone market contracted slightly to $X in 2021, remaining constant against the previous year. Overall, consumption, however, posted a prominent increase. Silicone consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Silicone Production in Belgium

In value terms, silicone production fell significantly to $X in 2021 estimated in export price. In general, production saw a dramatic descent. The pace of growth was the most pronounced in 2019 when the production volume increased by 105% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Silicone Exports

Exports from Belgium

In 2021, shipments abroad of silicones (in primary forms) increased by 1.1% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 132%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicone exports soared to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 129% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of silicone exports from Belgium, with a combined 46% share of total exports. The UK, Italy, Turkey, Spain, Poland, the United States, the United Arab Emirates, China, India and Russia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +8.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicone exported from Belgium were Germany ($X), the Netherlands ($X) and France ($X), together comprising 46% of total exports. These countries were followed by the UK, Italy, China, the United States, Poland, Spain, Turkey, Russia, India and the United Arab Emirates, which together accounted for a further 33%.

In terms of the main countries of destination, India, with a CAGR of +9.5%, saw the highest growth rate of 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

In 2021, the average silicone export price amounted to $X per ton, rising by 21% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Belgium

In 2021, imports of silicones (in primary forms) into Belgium declined to X tons, leveling off at 2020. In general, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 320%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, silicone imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a pronounced increase. The pace of growth appeared the most rapid in 2020 when imports increased by 268% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of silicone imports to Belgium, together comprising 78% of total imports. These countries were followed by the United States, France, China and Italy, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +61.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicone suppliers to Belgium were Germany ($X), the UK ($X) and the United States ($X), with a combined 80% share of total imports. The Netherlands, France, China and Italy lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, China, with a CAGR of +58.3%, saw the highest growth rate of the value of imports, 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 silicone import price amounted to $X per ton, surging by 18% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 46%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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