Benelux: Silicone Market 2025

Silicone Market Size in Benelux

In 2021, the Benelux silicone market increased by 7.2% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed strong growth. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Silicone Production in Benelux

In value terms, silicone production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 350% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Silicone Exports

Exports in Benelux

In 2021, shipments abroad of silicones (in primary forms) increased by 9.8% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 119% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silicone exports skyrocketed to $X in 2021. In general, exports recorded modest growth. The pace of growth appeared the most rapid in 2020 with an increase of 120% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

The biggest shipments were from Belgium (X tons) and the Netherlands (X tons), together recording 99.9% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of -0.1%).

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021.

The Netherlands, with a CAGR of +3.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%).

Silicone Imports

Imports in Benelux

In 2021, overseas purchases of silicones (in primary forms) increased by 4.6% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a notable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 176% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, silicone imports skyrocketed to $X in 2021. Over the period under review, imports posted tangible growth. The pace of growth appeared the most rapid in 2020 with an increase of 140%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belgium (X tons) was the largest importer of silicones (in primary forms), generating 62% of total imports. It was distantly followed by the Netherlands (X tons), constituting a 37% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +3.1%).

In value terms, the largest silicone importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +4.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, rising by 16% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%).

Source: IndexBox Platform