Belgium: Cement Market 2024

Cement Market Size in Belgium

In 2023, the Belgian cement market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Cement Production in Belgium

In value terms, cement production contracted to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2022, and then declined in the following year.

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Cement Exports

Exports from Belgium

In 2023, overseas shipments of cement decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, cement exports surged to $X in 2023. Over the period under review, total exports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of cement exports from Belgium, together accounting for X% of total exports. Luxembourg lagged somewhat behind, accounting for a further X%.

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

In value terms, the largest markets for cement exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 cement export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Luxembourg ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into Belgium

In 2023, approx. X tons of cement were imported into Belgium; which is down by X% on the previous year. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, cement imports expanded significantly to $X in 2023. Overall, imports recorded a slight decline. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cement to Belgium, with a X% share of total imports. Moreover, cement imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Luxembourg (X tons), with a X% share.

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

In value terms, Germany ($X), the Netherlands ($X) and Denmark ($X) appeared to be the largest cement suppliers to Belgium, together comprising X% of total imports. Luxembourg, Egypt and France lagged somewhat behind, together accounting for a further X%.

Egypt, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers 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 cement 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 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform