Benelux: Sulphites Market 2024

Sulphites Market Size in Benelux

After three years of decline, the Benelux sulphites market increased by 23% to $X in 2022. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Sulphites Production in Benelux

In value terms, sulphites production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sulphites Exports

Exports in Benelux

In 2022, approx. X tons of sulphites were exported in Benelux; waning by -11.1% against 2021 figures. In general, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sulphites exports surged to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +123.1% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons) represented the key exporter of sulphites, mixing up 86% of total exports. It was distantly followed by the Netherlands (X tons), generating a 14% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of sulphites. The Netherlands (-9.2%) illustrated a downward trend over the same period. Belgium (+17 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -17.1% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest sulphites supplier in Benelux, comprising 77% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Belgium amounted to +5.1%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, jumping by 51% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites export price increased by +57.3% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.6%).

Sulphites Imports

Imports in Benelux

In 2022, overseas purchases of sulphites decreased by -5.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2018 when imports increased by 13%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphites imports skyrocketed to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) represented the main importer of sulphites, creating 79% of total imports. It was distantly followed by Belgium (X tons), making up a 21% share of total imports.

The Netherlands was also the fastest-growing in terms of the sulphites imports, with a CAGR of -2.1% from 2012 to 2022. Belgium (-6.1%) illustrated a downward trend over the same period. The Netherlands (+7.9 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -7.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported sulphites in Benelux, comprising 70% of total imports. The second position in the ranking was taken by Belgium ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +3.7%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, jumping by 29% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites import price increased by +47.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the Netherlands amounted to $X per ton.

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

Source: IndexBox Platform