Belgium: Ureines Market 2024

Ureines Market Size in Belgium

The Belgian ureines market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ureines Production in Belgium

In value terms, ureines production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Ureines Exports

Exports from Belgium

In 2022, overseas shipments of ureines and their derivatives and salts thereof decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a precipitous descent. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ureines exports fell remarkably to $X in 2022. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

France (X tons) was the main destination for ureines exports from Belgium, with a X% share of total exports. Moreover, ureines exports to France exceeded the volume sent to the second major destination, Hungary (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Spain (X% per year).

In value terms, France ($X) emerged as the key foreign market for ureines and their derivatives and salts thereof exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the average ureines export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ureines Imports

Imports into Belgium

In 2022, supplies from abroad of ureines and their derivatives and salts thereof decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, ureines imports contracted sharply to $X in 2022. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of ureines to Belgium, accounting for a X% share of total imports. Moreover, ureines imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of ureines and their derivatives and salts thereof to Belgium, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average ureines import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average 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 the UK ($X per ton), while the price for India ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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