Benelux: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Benelux

The Benelux ferro-cerium and pyrophoric alloys market shrank sharply to $X in 2021, which is down by -32% against the previous year. Over the period under review, consumption saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Benelux

In value terms, ferro-cerium and pyrophoric alloys production contracted remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Benelux

In 2021, shipments abroad of ferro-cerium and pyrophoric alloys increased by 13% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 22%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys exports expanded notably to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands prevails in exports structure, reaching X tons, which was near 97% of total exports in 2021. Belgium (X tons) took a minor share of total exports.

The Netherlands was also the fastest-growing in terms of the ferro-cerium and pyrophoric alloys exports, with a CAGR of +3.3% from 2012 to 2021. Belgium (-6.0%) illustrated a downward trend over the same period. While the share of the Netherlands (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-3.2 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in Benelux, comprising 97% of total exports. The second position in the ranking was held by Belgium ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands was relatively modest.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, declining by -3.3% against the previous year. Overall, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.5%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Benelux

In 2021, the amount of ferro-cerium and pyrophoric alloys imported in Benelux dropped to X tons, which is down by -12.4% on the previous year. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by 7.1%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports fell notably to $X in 2021. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 9.9%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands represented the major importer of ferro-cerium and pyrophoric alloys in Benelux, with the volume of imports finishing at X tons, which was approx. 65% of total imports in 2021. It was distantly followed by Belgium (X tons), constituting a 32% share of total imports. Luxembourg (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys imports into the Netherlands stood at -4.5%. At the same time, Luxembourg (+2.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +2.5% from 2012-2021. By contrast, Belgium (-9.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands and Luxembourg increased by +11 and +1.5 percentage points, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in Benelux, comprising 67% of total imports. The second position in the ranking was taken by Belgium ($X), with a 28% share of total imports.

In the Netherlands, ferro-cerium and pyrophoric alloys imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (-11.8% per year) and Luxembourg (+1.8% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, reducing by -15.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 when the import price increased by 31%. The level of import peaked at $X per ton in 2020, and then fell sharply in the following year.

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 Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform