Report Update: May 1, 2024

Belgium - Reaction Initiators, Reaction Accelerators And Catalytic Preparations - Market Analysis, Forecast, Size, Trends And Insights

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Price for Reaction Initiators and Accelerators in Belgium - 2023

Price for Reaction Initiators and Accelerators in Belgium (FOB) - 2022

The average reaction initiators and accelerators export price stood at $12,491 per ton in 2022, shrinking by -10.5% against the previous year. In general, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $16,353 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($38,496 per ton), while the average price for exports to the UK ($4,308 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Reaction Initiators and Accelerators in Belgium (CIF) - 2022

The average reaction initiators and accelerators import price stood at $6,036 per ton in 2022, dropping by -26.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, average import prices attained the maximum at $13,499 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($11,803 per ton), while the price for Germany ($3,480 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Reaction Initiators and Accelerators in Belgium

After three years of growth, overseas shipments of reaction initiators, reaction accelerators and catalytic preparations decreased by -33.6% to 27K tons in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 68%.

In value terms, reaction initiators and accelerators exports shrank notably to $338M in 2022. Overall, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year.

Export of Reaction Initiators and Accelerators in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	33.2	40.0	57.2	45.1	10.8%
China	71.2	168	175	43.2	-15.3%
Netherlands	5.1	37.7	19.9	37.4	94.3%
France	18.2	32.8	40.8	28.5	16.1%
South Korea	6.3	7.7	23.0	27.1	62.6%
Germany	28.4	21.1	50.7	23.0	-6.8%
Poland	25.3	71.1	32.8	17.7	-11.2%
India	2.1	4.2	18.1	17.1	101.2%
Taiwan (Chinese)	8.1	0.2	0.7	16.7	27.3%
Kuwait	25.1	3.1	N/A	12.9	-19.9%
Italy	3.9	9.3	10.1	8.2	28.1%
Spain	3.1	5.0	4.9	7.6	34.8%
United Kingdom	17.7	19.3	10.0	5.6	-31.9%
Others	122	129	125	47.5	-27.0%
Total	369	549	568	338	-2.9%

Top Export Markets for Reaction Initiators and Accelerators from Belgium in 2022:

France (6.1K tons)
Netherlands (2.9K tons)
United States (2.5K tons)
Germany (1.8K tons)
Poland (1.7K tons)
Italy (1.6K tons)
India (1.3K tons)
United Kingdom (1.3K tons)
China (1.2K tons)
Kuwait (1.1K tons)
Spain (0.9K tons)
Taiwan (Chinese) (0.8K tons)
South Korea (0.7K tons)

Imports of Reaction Initiators and Accelerators in Belgium

In 2022, purchases abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -19.5% to 43K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 42%.

In value terms, reaction initiators and accelerators imports shrank notably to $259M in 2022. In general, imports recorded a perceptible contraction. The growth pace was the most rapid in 2020 when imports increased by 42% against the previous year.

Import of Reaction Initiators and Accelerators in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	113	183	187	95.8	-5.4%
United States	74.0	87.1	125	82.7	3.8%
France	33.0	27.4	24.2	27.3	-6.1%
Netherlands	10.7	46.0	29.3	11.6	2.7%
Others	57.8	66.6	72.2	41.7	-10.3%
Total	288	410	437	259	-3.5%

Top Suppliers of Reaction Initiators and Accelerators to Belgium in 2022:

Germany (27.5K tons)
United States (9.5K tons)
France (2.3K tons)
Netherlands (1.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for reaction initiators and accelerators 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 20595660 - Reaction initiators, reaction accelerators and catalytic preparations

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023