Belgium: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Belgium

The Belgian sulphides, dithionites and sulphoxylates market surged to $X in 2022, with an increase of 101% against the previous year. Overall, consumption enjoyed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Belgium

In value terms, sulphides, dithionites and sulphoxylates production dropped modestly to $X in 2022 estimated in export price. In general, production showed a noticeable contraction. The growth pace was the most rapid in 2021 when the production volume increased by 4.4%. Sulphides, dithionites and sulphoxylates production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Belgium

Sulphides, dithionites and sulphoxylates exports from Belgium dropped markedly to X tons in 2022, declining by -38.4% against the previous year. In general, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 108%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates exports shrank to $X in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 107% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of sulphides, dithionites and sulphoxylates exports from Belgium, with a combined 58% share of total exports. Uruguay, the UK, Italy, France, Spain, the Netherlands, Turkey, Portugal, Pakistan and Poland lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +190.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from Belgium, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by the UK, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.6% per year) and the UK (-0.3% per year).

Export Prices by Country

In 2022, the average sulphides, dithionites and sulphoxylates export price amounted to $X per ton, with an increase of 61% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphides, dithionites and sulphoxylates export price increased by +87.0% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Belgium

After three years of growth, purchases abroad of sulphides, polysulphides, dithionites and sulphoxylates decreased by -30.6% to X tons in 2022. In general, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of 17%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined markedly in the following year.

In value terms, sulphides, dithionites and sulphoxylates imports contracted remarkably to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

Germany (X tons), France (X tons) and the United States (X tons) were the main suppliers of sulphides, dithionites and sulphoxylates imports to Belgium, with a combined 92% share of total imports. Spain, India, the Netherlands and Italy lagged somewhat behind, together accounting for a further 7.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +156.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphides, dithionites and sulphoxylates suppliers to Belgium were the United States ($X), Germany ($X) and France ($X), with a combined 88% share of total imports. India, Italy, Spain and the Netherlands lagged somewhat behind, together comprising a further 9.4%.

Spain, with a CAGR of +176.0%, 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

The average sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2022, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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