Belgium: Sulphites Market 2024

Sulphites Market Size in Belgium

In 2022, after two years of decline, there was significant growth in the Belgian sulphites market, when its value increased by 33% to $X. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sulphites Production in Belgium

In value terms, sulphites production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sulphites Exports

Exports from Belgium

In 2022, sulphites exports from Belgium reduced to X tons, waning by -9.6% compared with the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, sulphites exports skyrocketed to $X in 2022. In general, exports, however, showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of sulphites exports from Belgium, with a combined 91% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +8.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for sulphites exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), together comprising 76% of total exports.

France, with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sulphites export price stood at $X per ton in 2022, picking up by 70% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites export price increased by +70.4% against 2020 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 Ireland ($X per ton), while the average price for exports to Germany ($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 Ireland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites Imports

Imports into Belgium

In 2022, overseas purchases of sulphites decreased by -21.5% to X tons, falling for the third year in a row after two years of growth. Overall, imports showed a deep setback. The growth pace was the most rapid in 2018 when imports increased by 16%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphites imports skyrocketed to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of sulphites to Belgium, with a 76% share of total imports. Moreover, sulphites imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.8% per year) and France (-16.4% per year).

In value terms, Germany ($X) constituted the largest supplier of sulphites to Belgium, comprising 64% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports. It was followed by France, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.3% per year) and France (-12.0% per year).

Import Prices by Country

In 2022, the average sulphites import price amounted to $X per ton, with an increase of 55% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites import price increased by +91.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :