Belgium: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Belgium

In 2022, the Belgian barium or aluminium sulphates market decreased by -12.8% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Production of Sulphates Of Barium Or Aluminium in Belgium

In value terms, barium or aluminium sulphates production totaled $X in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of 37%. Barium or aluminium sulphates production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Belgium

In 2022, barium or aluminium sulphates exports from Belgium skyrocketed to X tons, with an increase of 27% against 2021 figures. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 30%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, barium or aluminium sulphates exports surged to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by +66.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

France (X tons) was the main destination for barium or aluminium sulphates exports from Belgium, accounting for a 72% share of total exports. Moreover, barium or aluminium sulphates exports to France exceeded the volume sent to the second major destination, Germany (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to France was relatively modest.

In value terms, France ($X) remains the key foreign market for sulphates of barium or aluminium exports from Belgium, comprising 71% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, falling by -7.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.4%).

Imports of Sulphates Of Barium Or Aluminium

Imports into Belgium

Barium or aluminium sulphates imports into Belgium shrank significantly to X tons in 2022, reducing by -23.2% against 2021 figures. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 25%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports reduced to $X in 2022. In general, imports recorded a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of barium or aluminium sulphates imports to Belgium, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +1.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest barium or aluminium sulphates suppliers to Belgium were Germany ($X), the Netherlands ($X) and France ($X), together comprising 77% of total imports.

In terms of the main suppliers, France, with a CAGR of +8.8%, saw 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 barium or aluminium sulphates import price stood at $X per ton in 2022, surging by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Sweden ($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 (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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