Belgium: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Belgium

In 2022, the Belgian aromatic polyamines market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a precipitous descent. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Aromatic Polyamines Production in Belgium

In value terms, aromatic polyamines production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Aromatic Polyamines Exports

Exports from Belgium

In 2022, approx. X tons of aromatic polyamines and their derivatives, salts thereof were exported from Belgium; which is down by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, aromatic polyamines exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period 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 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Brazil (X tons) and Germany (X tons) were the main destinations of aromatic polyamines exports from Belgium, together accounting for X% of total exports. Slovakia, France, India, Romania, the Netherlands, Spain, Japan, Turkey, Poland and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Brazil ($X) constituted the largest markets for aromatic polyamines exported from Belgium worldwide, with a combined X% share of total exports. France, India, Slovakia, Spain, Romania, the Netherlands, Turkey, Italy, Japan and Poland lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aromatic polyamines export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Brazil ($X 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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of aromatic polyamines and their derivatives, salts thereof, when their volume decreased by X% to X tons. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aromatic polyamines imports declined to $X in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of aromatic polyamines to Belgium, with a X% share of total imports. Moreover, aromatic polyamines imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest aromatic polyamines suppliers to Belgium were Germany ($X), the United States ($X) and Japan ($X), with a combined X% share of total imports. India, the Netherlands, Saudi Arabia and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aromatic polyamines import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 the Netherlands ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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