Benelux: Carbides Market 2024

Carbides Market Size in Benelux

The Benelux carbides market skyrocketed to $X in 2022, rising by 26% against the previous year. In general, consumption, however, continues to indicate a perceptible shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Carbides Production in Benelux

In value terms, carbides production rose to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 7.6% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Carbides Exports

Exports in Benelux

Carbides exports shrank notably to X tons in 2022, waning by -37.4% compared with 2021 figures. Overall, exports recorded a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbides exports reduced notably to $X in 2022. In general, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands represented the key exporting country with an export of around X tons, which finished at 78% of total exports. It was distantly followed by Belgium (X tons), committing a 22% share of total exports.

The Netherlands was also the fastest-growing in terms of the carbides exports, with a CAGR of -3.5% from 2012 to 2022. Belgium (-7.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+9.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-9.1 p.p.) displayed negative dynamics.

In value terms, the largest carbides supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main exporting countries, the Netherlands, with a CAGR of -2.8%, recorded the highest growth rate of 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, with an increase of 32% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides export price increased by +78.8% against 2017 indices. As a result, the export price reached 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 Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.0%).

Carbides Imports

Imports in Benelux

In 2022, carbides imports in Benelux contracted dramatically to X tons, waning by -20.4% on 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 71% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, carbides imports fell to $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +28.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 68% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Belgium was the main importer of carbides in Benelux, with the volume of imports recording X tons, which was near 75% of total imports in 2022. It was distantly followed by the Netherlands (X tons), mixing up a 25% share of total imports.

Imports into Belgium decreased at an average annual rate of -2.5% from 2012 to 2022. At the same time, the Netherlands (+8.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +8.6% from 2012-2022. From 2012 to 2022, the share of the Netherlands increased by +15 percentage points.

In value terms, the largest carbides importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +13.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 11% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides import price increased by +6.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 49%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 (+4.9%).

Source: IndexBox Platform