Belgium: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Belgium

The Belgian trichloroethylene and tetrachloroethylene market skyrocketed to $X in 2021, growing by 144% against the previous year. In general, consumption enjoyed a significant increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Trichloroethylene And Tetrachloroethylene Production in Belgium

In value terms, trichloroethylene and tetrachloroethylene production declined to $X in 2021 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 92%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Trichloroethylene And Tetrachloroethylene Exports

Exports from Belgium

In 2021, the amount of trichloroethylene and tetrachloroethylene (perchloroethylene) exported from Belgium fell significantly to X tons, dropping by -31.8% against 2020. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 17% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports reduced to $X in 2021. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 6.2% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main destinations of trichloroethylene and tetrachloroethylene exports from Belgium, together accounting for 68% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +47.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for trichloroethylene and tetrachloroethylene exported from Belgium were India ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for 58% of total exports.

The United Arab Emirates, with a CAGR of +53.4%, saw the highest growth rate of 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 trichloroethylene and tetrachloroethylene export price stood at $X per ton in 2021, rising by 34% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Pakistan ($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 Russia (+41.8%), while the prices for the other major destinations experienced mixed trend patterns.

Trichloroethylene And Tetrachloroethylene Imports

Imports into Belgium

In 2021, supplies from abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, trichloroethylene and tetrachloroethylene imports soared to $X in 2021. In general, imports, however, showed a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of trichloroethylene and tetrachloroethylene to Belgium, accounting for a 65% share of total imports. Moreover, trichloroethylene and tetrachloroethylene imports from France exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+41.8% per year) and Germany (+18.4% per year).

In value terms, the largest trichloroethylene and tetrachloroethylene suppliers to Belgium were France ($X), Germany ($X) and the Czech Republic ($X), with a combined 95% share of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +10.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene import price amounted to $X per ton, waning by -35.5% against the previous year. Overall, the import price faced a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 2.6%. The import price peaked at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for the Czech Republic ($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 (-13.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :