Benelux: Cement Clinker Market 2024

Cement Clinker Market Size in Benelux

The Benelux cement clinker market expanded rapidly to $X in 2022, with an increase of 7.5% against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Cement Clinker Production in Benelux

In value terms, cement clinker production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% 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 2014 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Cement Clinker Exports

Exports in Benelux

In 2022, shipments abroad of cement clinker decreased by -22.2% to X tons, falling for the second consecutive year after four years of growth. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.8% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 28%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement clinker exports fell sharply to $X in 2022. Overall, exports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Belgium dominates exports structure, amounting to X tons, which was approx. 98% of total exports in 2022. The Netherlands (X tons) held a relatively small share of total exports.

Belgium was also the fastest-growing in terms of the cement clinker exports, with a CAGR of +2.9% from 2012 to 2022. The Netherlands (-4.4%) illustrated a downward trend over the same period. While the share of Belgium (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-2.4 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest cement clinker supplier in Benelux, comprising 87% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total exports.

In Belgium, cement clinker exports increased at an average annual rate of +2.9% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, waning by -6.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%).

Cement Clinker Imports

Imports in Benelux

In 2022, purchases abroad of cement clinker increased by 10% to X tons, rising for the sixth consecutive year after three years of decline. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 57% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cement clinker imports surged to $X in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Belgium represented the main importer of cement clinker in Benelux, with the volume of imports reaching X tons, which was near 69% of total imports in 2022. It was distantly followed by the Netherlands (X tons), creating a 30% share of total imports.

Belgium was also the fastest-growing in terms of the cement clinker imports, with a CAGR of +11.2% from 2012 to 2022. At the same time, the Netherlands (+3.6%) displayed positive paces of growth. From 2012 to 2022, the share of Belgium increased by +18 percentage points.

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

Belgium, with a CAGR of +11.5%, 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

The import price in Benelux stood at $X per ton in 2022, growing by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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 (+6.4%).

Source: IndexBox Platform