Benelux: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Benelux

In 2022, the Benelux magnesium hydroxide and peroxide market increased by 143% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, showed a abrupt setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Benelux

In value terms, magnesium hydroxide and peroxide production dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible descent. The growth pace was the most rapid in 2014 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports in Benelux

In 2022, after six years of growth, there was significant decline in overseas shipments of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, when their volume decreased by -6.7% to X tons. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 175% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, magnesium hydroxide and peroxide exports reached $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 97% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The Netherlands prevails in exports structure, recording X tons, which was approx. 98% of total exports in 2022. Belgium (X tons) held a minor share of total exports.

The Netherlands was also the fastest-growing in terms of the hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports, with a CAGR of +26.1% from 2012 to 2022. Belgium (-14.2%) illustrated a downward trend over the same period. The Netherlands (+47 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -46.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest magnesium hydroxide and peroxide supplier in Benelux, comprising 98% of total exports. The second position in the ranking was taken by Belgium ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +13.7%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, picking up by 8.6% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably 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 (-5.5%).

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports in Benelux

Magnesium hydroxide and peroxide imports expanded rapidly to X tons in 2022, growing by 9.2% on 2021 figures. In general, imports recorded notable growth. The pace of growth appeared the most rapid in 2020 with an increase of 86% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, magnesium hydroxide and peroxide imports totaled $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 128%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

The purchases of the two major importers of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, namely the Netherlands and Belgium, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +5.8%).

In value terms, the Netherlands ($X) constitutes the largest market for imported hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Benelux, comprising 68% of total imports. The second position in the ranking was held by Belgium ($X), with a 31% share of total imports.

In the Netherlands, magnesium hydroxide and peroxide imports increased at an average annual rate of +12.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, picking up by 3.1% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2017 an increase of 32%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%).

Source: IndexBox Platform