Belgium: Bismuth Market 2024

Bismuth Market Size in Belgium

In 2022, the Belgian bismuth market decreased by X% to $X, falling for the fourth year in a row after four years of growth. In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Bismuth Production in Belgium

In value terms, bismuth production reduced to $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Bismuth Exports

Exports from Belgium

In 2022, approx. X tons of bismuth were exported from Belgium; picking up by X% on the previous year's figure. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bismuth exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for bismuth exports from Belgium, with a X% share of total exports. Moreover, bismuth exports to the Netherlands exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for bismuth exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

The average bismuth export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Bismuth Imports

Imports into Belgium

In 2022, supplies from abroad of bismuth decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, bismuth imports dropped notably to $X in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of bismuth imports to Belgium, with a combined X% share of total imports. Australia, Luxembourg and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of X.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Germany ($X) appeared to be the largest bismuth suppliers to Belgium, together accounting for X% of total imports. Luxembourg, Australia and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Luxembourg, with a CAGR of X.0%, saw 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

The average bismuth import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, showed a mild decline. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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