Belgium - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminum Price in Belgium - 2023
Contents:
- Aluminum Price in Belgium (CIF) - 2023
- Aluminum Price in Belgium (FOB) - 2023
- Aluminum Imports in Belgium
- Aluminum Exports in Belgium
Aluminum Price in Belgium (CIF) - 2023
In July 2023, the average aluminum import price amounted to $2,739 per ton, falling by -6.5% against the previous month. In general, the import price saw a slight contraction. The pace of growth was the most pronounced in April 2023 an increase of 7.6% month-to-month. The import price peaked at $3,262 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Sweden ($3,092 per ton) and the Netherlands ($2,812 per ton), while the price for Germany ($2,312 per ton) and Luxembourg ($2,387 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mozambique (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminum Price in Belgium (FOB) - 2023
In July 2023, the average aluminum export price amounted to $3,946 per ton, approximately reflecting the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in May 2023 an increase of 38% month-to-month. As a result, the export price reached the peak level of $4,700 per ton. From June 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was France ($11,278 per ton), while the average price for exports to Malaysia ($1,668 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminum Imports in Belgium
For the fourth year in a row, Belgium recorded growth in overseas purchases of aluminum, which increased by 7% to 355K tons in 2022. The total import volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, aluminum imports soared to $1.2B in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 71%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Aluminum in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 220 | 216 | 423 | 536 | 34.6% |
| Germany | 110 | 105 | 134 | 187 | 19.3% |
| France | 52.8 | 27.0 | 115 | 103 | 24.9% |
| Mozambique | 10.9 | 8.8 | N/A | 73.0 | 88.5% |
| India | N/A | 6.2 | 0.6 | 69.2 | 234.1% |
| Russia | 60.0 | 27.9 | 48.9 | 66.2 | 3.3% |
| United Arab Emirates | 24.6 | 46.5 | 40.4 | 32.3 | 9.5% |
| Others | 65.7 | 84.2 | 134 | 101 | 15.4% |
| Total | 545 | 522 | 895 | 1,169 | 29.0% |
Top Suppliers of Aluminum to Belgium in 2022:
- Netherlands (158.6K tons)
- Germany (57.6K tons)
- France (31.1K tons)
- Mozambique (24.3K tons)
- India (23.6K tons)
- Russia (20.8K tons)
- United Arab Emirates (9.0K tons)
Aluminum Exports in Belgium
In 2022, shipments abroad of aluminum decreased by -15.7% to 82K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. As a result, the exports reached the peak of 104K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, aluminum exports expanded notably to $265M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 36%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Aluminum in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 41.9 | 66.7 | 61.5 | 61.6 | 13.7% |
| Netherlands | 54.4 | 52.6 | 60.2 | 55.4 | 0.6% |
| France | 20.2 | 43.4 | 70.7 | 40.6 | 26.2% |
| Poland | 10.5 | 11.3 | 17.6 | 35.0 | 49.4% |
| Czech Republic | 0.1 | 5.2 | 5.0 | 25.2 | 531.6% |
| Hungary | 12.0 | 11.3 | 12.6 | 14.8 | 7.2% |
| Italy | 0.4 | 0.5 | 0.4 | 5.2 | 135.1% |
| Others | 12.2 | 16.0 | 10.1 | 27.0 | 30.3% |
| Total | 152 | 207 | 238 | 265 | 20.4% |
Top Export Markets for Aluminum from Belgium in 2022:
- Germany (19.4K tons)
- Netherlands (19.1K tons)
- France (13.0K tons)
- Poland (10.7K tons)
- Czech Republic (7.6K tons)
- Hungary (4.2K tons)
- Italy (1.9K tons)
This report provides an in-depth analysis of the aluminum market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the aluminum market in Belgium.
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This report provides an in-depth analysis of the aluminium market in Belgium.
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This report provides an in-depth analysis of the unwrought aluminium alloys market in Belgium.
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This report provides an in-depth analysis of the aluminium and titanium market in Belgium.
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This report provides an in-depth analysis of the global aluminum market.
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This report provides an in-depth analysis of the global aluminium market.
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This report provides an in-depth analysis of the global unwrought aluminium alloys market.
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This report provides an in-depth analysis of the global aluminium and titanium market.
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This report provides an in-depth analysis of the aluminum market in Belgium.
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This report provides an in-depth analysis of the aluminium market in Belgium.
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Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
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Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
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Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
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