Belgium: Borates Market 2024

Borates Market Size in Belgium

In 2022, the Belgian borates market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw a mild slump. Borates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Borates Exports

Exports from Belgium

In 2022, overseas shipments of borates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, borates exports reduced to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for borates exports from Belgium, accounting for a X% share of total exports. Moreover, borates exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Ukraine (X% per year).

In value terms, Germany ($X) remains the key foreign market for borates exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports. It was followed by Ukraine, with a X% share.

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

Export Prices by Country

The average borates export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, borates export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

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

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Borates Imports

Imports into Belgium

In 2022, overseas purchases of borates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2020 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 stood at a somewhat lower figure.

In value terms, borates imports rose modestly to $X in 2022. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Luxembourg (X tons) constituted the largest supplier of borates to Belgium, accounting for a X% share of total imports. Moreover, borates imports from Luxembourg exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Luxembourg totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Russia (X% per year).

In value terms, Luxembourg ($X) constituted the largest supplier of borates to Belgium, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Luxembourg amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average borates import price amounted to $X per ton, growing by 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 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Turkey ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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