Benelux: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Benelux

The Benelux reaction initiators and accelerators market reduced markedly to $X in 2022, dropping by -24.8% against the previous year. Overall, consumption posted significant growth. The level of consumption peaked at $X in 2021, and then dropped markedly in the following year.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Benelux

In value terms, reaction initiators and accelerators production totaled $X in 2022 estimated in export price. In general, production continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2017 with an increase of 83% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in Benelux

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 31% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reaction initiators and accelerators exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 13%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X tons) was the largest exporter of reaction initiators, reaction accelerators and catalytic preparations, creating 82% of total exports. It was distantly followed by Belgium (X tons), committing a 14% share of total exports. Luxembourg (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to reaction initiators and accelerators exports from the Netherlands stood at +3.7%. At the same time, Luxembourg (+6.1%) and Belgium (+2.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +6.1% from 2012-2022. While the share of Belgium (-1.5 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest reaction initiators and accelerators supplier in Benelux, comprising 73% of total exports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total exports.

In the Netherlands, reaction initiators and accelerators exports increased at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+0.5% per year) and Luxembourg (+2.3% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, which is down by -18.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 8.5%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then declined markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in Benelux

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -2.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports contracted markedly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) prevails in imports structure, together constituting 91% of total imports. It was distantly followed by Luxembourg (X tons), generating a 9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +6.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in Benelux, comprising 64% of total imports. The second position in the ranking was taken by Belgium ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +2.4%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-2.2% per year) and Luxembourg (+0.7% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, reducing by -29.3% against the previous year. Overall, the import price, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by 39% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform