Price for Waste, Parings and Scrap, of Plastics in Belgium - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Belgium (FOB) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in Belgium (CIF) - 2023
3. Exports of Waste, Parings and Scrap, of Plastics in Belgium
4. Imports of Waste, Parings and Scrap, of Plastics in Belgium

Price for Waste, Parings and Scrap, of Plastics in Belgium (FOB) - 2023

The average export price for waste, parings and scrap, of plasticses stood at $294 per ton in October 2023, with a decrease of -21% against the previous month. Over the period under review, the export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in September 2023 an increase of 18% m-o-m. The export price peaked at $473 per ton in November 2022; however, from December 2022 to October 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In October 2023, the highest price was recorded for prices to Indonesia ($362 per ton) and Malaysia ($338 per ton), while the average price for exports to Vietnam ($264 per ton) and Turkey ($278 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Belgium (CIF) - 2023

In October 2023, the average import price for waste, parings and scrap, of plasticses amounted to $304 per ton, dropping by -18.8% against the previous month. In general, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 13% m-o-m. The import price peaked at $510 per ton in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Canada ($982 per ton), while the price for the UK ($211 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Canada (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Waste, Parings and Scrap, of Plastics in Belgium

In 2022, approx. 477K tons of waste, parings and scrap, of plasticses were exported from Belgium; increasing by 8.3% on the previous year's figure. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 48%. As a result, the exports attained the peak of 506K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of waste, parings and scrap, of plasticses surged to $242M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Belgium in 2022:

1. Netherlands (138.0K tons)
2. Turkey (86.0K tons)
3. France (48.6K tons)
4. Vietnam (41.8K tons)
5. Germany (33.6K tons)
6. Malaysia (29.4K tons)
7. United Kingdom (24.0K tons)

Imports of Waste, Parings and Scrap, of Plastics in Belgium

Imports of waste, parings and scrap, of plasticses into Belgium skyrocketed to 317K tons in 2022, with an increase of 21% compared with the previous year. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of waste, parings and scrap, of plasticses skyrocketed to $182M in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 51%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Belgium in 2022:

1. France (93.4K tons)
2. Netherlands (89.4K tons)
3. Germany (69.2K tons)
4. United Kingdom (32.9K tons)
5. Poland (4.0K tons)

Source: IndexBox Market Intelligence Platform