Benelux: Activated Carbon Market 2024

Activated Carbon Market Size in Benelux

The Benelux activated carbon market expanded notably to $X in 2022, growing by 5.6% against the previous year. Overall, consumption, however, showed a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Activated Carbon Production in Benelux

In value terms, activated carbon production expanded rapidly 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Activated Carbon Exports

Exports in Benelux

In 2022, exports of activated carbon in Benelux expanded markedly to X tons, with an increase of 7.6% against the previous year's figure. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, activated carbon exports soared to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Belgium represented the main exporter of activated carbon in Benelux, with the volume of exports reaching X tons, which was near 69% of total exports in 2022. It was distantly followed by the Netherlands (X tons), making up a 31% share of total exports.

Belgium was also the fastest-growing in terms of the activated carbon exports, with a CAGR of +4.8% from 2012 to 2022. The Netherlands (-3.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +20 percentage points.

In value terms, Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Belgium, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, surging by 7.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%).

Activated Carbon Imports

Imports in Benelux

In 2022, the amount of activated carbon imported in Benelux amounted to X tons, approximately reflecting the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 29%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, activated carbon imports expanded rapidly to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Belgium represented the largest importing country with an import of about X tons, which resulted at 71% of total imports. It was distantly followed by the Netherlands (X tons), creating a 28% share of total imports.

Belgium was also the fastest-growing in terms of the activated carbon imports, with a CAGR of +3.8% from 2012 to 2022. The Netherlands (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +10 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported activated carbon in Benelux, comprising 73% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 27% share of total imports.

In Belgium, activated carbon imports increased at an average annual rate of +5.6% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, growing by 11% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, activated carbon import price increased by +55.9% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 26%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%).

Source: IndexBox Platform