Belgium: Mineral Wool Market 2024

Mineral Wool Market Size in Belgium

The Belgian mineral wool market soared to $X in 2021, rising by 21% 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). The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mineral Wool Exports

Exports from Belgium

In 2021, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were exported from Belgium; picking up by 9.4% on the previous year. In general, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2020 with an increase of 84% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, mineral wool exports dropped dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 103% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for mineral wool exports from Belgium, with a 41% share of total exports. Moreover, mineral wool exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X tons), fivefold. South Africa (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-20.4% per year) and South Africa (+76.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Belgium, comprising 51% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 5.3% share of total exports. It was followed by France, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-23.7% per year) and France (-10.4% per year).

Export Prices by Country

In 2021, the average mineral wool export price amounted to $X per ton, dropping by -30.5% against the previous year. Overall, the export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. The export price peaked at $X per ton in 2020, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($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 the United Arab Emirates (+0.4%), while the prices for the other major destinations experienced a decline.

Mineral Wool Imports

Imports into Belgium

Mineral wool imports into Belgium soared to X tons in 2021, picking up by 23% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, mineral wool imports soared to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of mineral wool to Belgium, accounting for a 59% share of total imports. Moreover, mineral wool imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+8.3% per year) and Germany (-1.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Belgium, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.9% share of total imports. It was followed by France, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and France (+5.3% per year).

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, with a decrease of -3.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a 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 France ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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