Benelux: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Benelux

The Benelux double or complex silicates market soared to $X in 2021, picking up by 129% against the previous year. Overall, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Double Or Complex Silicates in Benelux

In value terms, double or complex silicates production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 144% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in Benelux

For the third year in a row, Benelux recorded decline in shipments abroad of double or complex silicates, which decreased by -4.4% to X tons in 2021. Overall, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 496%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, double or complex silicates exports surged to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 244% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

The Netherlands was the main exporter of double or complex silicates in Benelux, with the volume of exports reaching X tons, which was near 78% of total exports in 2021. 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 double or complex silicates exports, with a CAGR of +15.9% from 2012 to 2021. At the same time, Belgium (+10.5%) displayed positive paces of growth. While the share of the Netherlands (+8.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-8.3 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest double or complex silicates supplier in Benelux, comprising 94% of total exports. The second position in the ranking was taken by Belgium ($X), with a 5.6% share of total exports.

In the Netherlands, double or complex silicates exports expanded at an average annual rate of +28.6% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, growing by 68% against the previous year. Over the period under review, the export price recorded prominent growth. The pace of growth was the most pronounced in 2016 an increase of 109% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%).

Imports of Double Or Complex Silicates

Imports in Benelux

In 2021, purchases abroad of double or complex silicates increased by 61% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.4% against 2019 indices. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports surged to $X in 2021. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2015 when imports increased by 88%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the Netherlands (X tons) and Belgium (X tons) was the main importer of double or complex silicates in Benelux, comprising 100% of total import.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +13.2%).

In value terms, the Netherlands ($X) constitutes the largest market for imported double or complex silicates in Benelux, comprising 91% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.7% share of total imports.

In the Netherlands, double or complex silicates imports increased at an average annual rate of +31.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, reducing by -5.5% against the previous year. Overall, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 85%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.5%).

Source: IndexBox Platform