Belgium: Uncoated Filter Paper Market 2024

Uncoated Filter Paper Market Size in Belgium

The Belgian uncoated filter paper market dropped to $X in 2022, reducing by -13.7% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

Uncoated Filter Paper Production in Belgium

In value terms, uncoated filter paper production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 71%. Uncoated filter paper production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Uncoated Filter Paper Exports

Exports from Belgium

In 2022, uncoated filter paper exports from Belgium soared to X tons, surging by 40% compared with 2021 figures. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 441% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, uncoated filter paper exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 219%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for uncoated filter paper exports from Belgium, accounting for a 66% share of total exports. Moreover, uncoated filter paper exports to Turkey exceeded the volume sent to the second major destination, India (X tons), sevenfold. Luxembourg (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+20.9% per year) and Luxembourg (+30.0% per year).

In value terms, Turkey ($X) emerged as the key foreign market for uncoated filter paper and paperboard exports from Belgium, comprising 52% of total exports. The second position in the ranking was held by France ($X), with a 10% share of total exports. It was followed by Luxembourg, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +52.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.5% per year) and Luxembourg (+26.5% per year).

Export Prices by Country

The average uncoated filter paper export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of 187% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Egypt ($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 (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.

Uncoated Filter Paper Imports

Imports into Belgium

Uncoated filter paper imports into Belgium shrank sharply to X tons in 2022, declining by -64.7% on 2021 figures. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 381% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, uncoated filter paper imports contracted remarkably to $X in 2022. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 199% against the previous year. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of uncoated filter paper to Belgium, with a 52% share of total imports. Moreover, uncoated filter paper imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +35.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and France (-2.3% per year).

In value terms, the UK ($X) constituted the largest supplier of uncoated filter paper and paperboard to Belgium, comprising 60% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.6% per year) and Germany (-3.8% per year).

Import Prices by Country

In 2022, the average uncoated filter paper import price amounted to $X per ton, increasing by 63% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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