Report Update Nov 1, 2024

Belgium - Tungsten - Market Analysis, Forecast, Size, Trends and Insights

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Belgium: Tungsten Market 2024

Tungsten Market Size in Belgium

The Belgian tungsten market dropped slightly to $X in 2022, shrinking by -2.1% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Tungsten Production in Belgium

In value terms, tungsten production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 21%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tungsten Exports

Exports from Belgium

After two years of decline, shipments abroad of tungsten decreased by 0% to X kg in 2021. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 20,360%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, tungsten exports stood at $X in 2021. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 95,194% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for tungsten exports from Belgium, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -11.9%.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -5.5%.

Export Prices by Country

The average tungsten export price stood at $X per ton in 2021, flattening at the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 366%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Hungary amounted to +85.6% per year.

Tungsten Imports

Imports into Belgium

In 2022, purchases abroad of tungsten increased by 61% to X kg, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 971%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, tungsten imports surged to $X in 2022. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 302% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X kg) constituted the largest supplier of tungsten to Belgium, accounting for a 66% share of total imports. Moreover, tungsten imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold. France (X kg) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.2% per year) and France (+24.9% per year).

In value terms, the UK ($X) constituted the largest supplier of tungsten to Belgium, comprising 76% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by Denmark, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.4% per year) and Denmark (0.0% per year).

Import Prices by Country

The average tungsten import price stood at $X per ton in 2022, surging by 41% against the previous year. In general, the import price saw a strong expansion. The growth pace was the most rapid in 2019 when the average import price increased by 86%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tungsten in the world?

China constituted the country with the largest volume of tungsten consumption, accounting for 86% of total volume. It was followed by Russia, with a 2.5% share of total consumption.

What are the largest producers of tungsten in the world?

The country with the largest volume of tungsten production was China, accounting for 88% of total volume. It was followed by Russia, with a 2.4% share of total production.

What are the leading suppliers of tungsten to Belgium?

In value terms, France constituted the largest supplier of tungsten to Belgium, comprising 56% of total imports. The second position in the ranking was occupied by Israel, with an 11% share of total imports. It was followed by China, with a 9.3% share.

What are the leading importers of tungsten from Belgium?

In value terms, France remains the key foreign market for tungsten exports from Belgium, comprising 54% of total exports. The second position in the ranking was occupied by Germany, with a 24% share of total exports. It was followed by the Czech Republic, with a 5.1% share.

What is the average export price for tungsten in Belgium?

In 2021, the average tungsten export price amounted to $56,817 per ton, declining by -74.7% against the previous year.

What is the average import price for tungsten in Belgium?

The average tungsten import price stood at $157,808 per ton in 2021, surging by 73% against the previous year.

This report provides an in-depth analysis of the tungsten market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023