Belgium - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIsocyanates Price in Belgium - 2023
Contents:
- Isocyanates Price in Belgium (FOB) - 2023
- Isocyanates Price in Belgium (CIF) - 2023
- Isocyanates Exports in Belgium
- Isocyanates Imports in Belgium
Isocyanates Price in Belgium (FOB) - 2023
The average isocyanates export price stood at $3,275 per ton in June 2023, with an increase of 3.1% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 9.1% m-o-m. Over the period under review, the average export prices attained the maximum at $3,654 per ton in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($7,658 per ton), while the average price for exports to Brazil ($1,782 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Isocyanates Price in Belgium (CIF) - 2023
The average isocyanates import price stood at $3,120 per ton in June 2023, reducing by -3.4% against the previous month. Overall, the import price saw a mild reduction. The pace of growth appeared the most rapid in January 2023 an increase of 17% against the previous month. Over the period under review, average import prices attained the peak figure at $4,223 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($10,309 per ton), while the price for South Korea ($3,026 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Isocyanates Exports in Belgium
In 2022, shipments abroad of isocyanates decreased by -28.1% to 143K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a mild slump. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of 199K tons, and then declined notably in the following year.
In value terms, isocyanates exports declined notably to $464M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 +26.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $588M, and then contracted markedly in the following year.
| Export of Isocyanates in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 107 | 107 | 163 | 167 | 16.0% |
| Italy | 87.7 | 69.3 | 123 | 65.6 | -9.2% |
| Poland | 4.7 | 6.9 | 25.9 | 31.2 | 87.9% |
| United States | 36.2 | 25.7 | 52.6 | 23.9 | -12.9% |
| Netherlands | 12.3 | 15.2 | 28.8 | 17.8 | 13.1% |
| France | 7.7 | 10.0 | 15.9 | 16.5 | 28.9% |
| United Kingdom | 13.4 | 16.2 | 14.4 | 15.9 | 5.9% |
| Spain | 17.6 | 15.6 | 22.8 | 15.4 | -4.4% |
| Portugal | 1.5 | 3.8 | 7.5 | 13.3 | 107.0% |
| Turkey | 14.4 | 7.6 | 6.1 | 12.9 | -3.6% |
| Brazil | 8.8 | 10.5 | 26.9 | 12.8 | 13.3% |
| Switzerland | 10.0 | 9.7 | 14.7 | 8.5 | -5.3% |
| Russia | 9.9 | 14.6 | 20.0 | 6.5 | -13.1% |
| Others | 34.5 | 59.0 | 65.9 | 56.7 | 18.0% |
| Total | 366 | 371 | 588 | 464 | 8.2% |
Top Export Markets for Isocyanates from Belgium in 2022:
- Germany (49.2K tons)
- Italy (21.1K tons)
- Poland (10.3K tons)
- United States (7.9K tons)
- Brazil (6.1K tons)
- Netherlands (5.7K tons)
- United Kingdom (5.2K tons)
- Turkey (5.1K tons)
- Portugal (4.5K tons)
- Spain (4.5K tons)
- France (4.3K tons)
- Switzerland (2.8K tons)
- Russia (2.5K tons)
Isocyanates Imports in Belgium
In 2022, isocyanates imports into Belgium expanded slightly to 130K tons, with an increase of 4.9% against the previous year. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, isocyanates imports skyrocketed to $401M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 85%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Isocyanates in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 10.3 | 8.7 | 36.0 | 110 | 120.2% |
| Germany | 85.2 | 97.1 | 119 | 86.7 | 0.6% |
| Hungary | 55.5 | 44.6 | 111 | 66.7 | 6.3% |
| China | 6.7 | 7.8 | 41.9 | 57.7 | 105.0% |
| United States | 25.2 | 17.4 | 26.7 | 43.0 | 19.5% |
| Saudi Arabia | 2.0 | 1.0 | 1.5 | 25.2 | 132.7% |
| Netherlands | 2.8 | 2.2 | 4.6 | 7.6 | 39.5% |
| Others | 5.9 | 9.2 | 6.9 | 4.0 | -12.2% |
| Total | 194 | 188 | 348 | 401 | 27.4% |
Top Suppliers of Isocyanates to Belgium in 2022:
- South Korea (40.3K tons)
- Hungary (22.1K tons)
- Germany (21.9K tons)
- China (20.7K tons)
- United States (11.2K tons)
- Saudi Arabia (10.1K tons)
- Netherlands (2.5K tons)
This report provides an in-depth analysis of the isocyanates 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 20144450 - Isocyanates
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
-
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
-
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
-
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
-
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
-
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
-
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
386
This report provides an in-depth analysis of the isocyanates market in Belgium.
331
This report provides an in-depth analysis of the market for compounds with other nitrogen function in Belgium.
1118
This report provides an in-depth analysis of the global isocyanates market.
463
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
386
This report provides an in-depth analysis of the isocyanates market in Belgium.
331
This report provides an in-depth analysis of the market for compounds with other nitrogen function in Belgium.
1118
This report provides an in-depth analysis of the global isocyanates market.
463
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
156
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
755
In value terms, nitrile-function compounds imports totaled $X in 2016. Overall, nitrile-function compounds imports continue to indicate a significant descent. Global nitrile-function compounds impo...
1463
In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...
907
In value terms, nitrile-function compounds exports totaled $X in 2016. In general, nitrile-function compounds exports continue to indicate a perceptible drop. Over the period under review, global n...
1004
In value terms, nitrogen-function compounds exports totaled $X in 2016. In general, nitrogen-function compounds exports continue to indicate a temperate slump. Global nitrogen-function compounds ex...
156
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
755
In value terms, nitrile-function compounds imports totaled $X in 2016. Overall, nitrile-function compounds imports continue to indicate a significant descent. Global nitrile-function compounds impo...
1463
In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...
907
In value terms, nitrile-function compounds exports totaled $X in 2016. In general, nitrile-function compounds exports continue to indicate a perceptible drop. Over the period under review, global n...
1004
In value terms, nitrogen-function compounds exports totaled $X in 2016. In general, nitrogen-function compounds exports continue to indicate a temperate slump. Global nitrogen-function compounds ex...
