Belgium: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Belgium

In 2023, the Belgian compound plasticisers 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 showed a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Compound Plasticisers Exports

Exports from Belgium

In 2023, the amount of compound plasticisers for rubber or plastics exported from Belgium rose sharply to X tons, surging by X% compared with the previous year's figure. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, compound plasticisers exports skyrocketed to $X in 2023. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for compound plasticisers exports from Belgium, accounting for a X% share of total exports. Moreover, compound plasticisers exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, 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: Italy (X% per year) and the United States (X% per year).

In value terms, Germany ($X), Italy ($X) and the UK ($X) appeared to be the largest markets for compound plasticisers exported from Belgium worldwide, with a combined X% share of total exports. France, the United States, Turkey, Serbia, Poland, Spain and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, 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 the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced a decline.

Compound Plasticisers Imports

Imports into Belgium

In 2023, purchases abroad of compound plasticisers for rubber or plastics decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, compound plasticisers imports contracted to $X in 2023. Over the period under review, imports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted modestly in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of compound plasticisers imports to Belgium, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest compound plasticisers suppliers to Belgium were the United States ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2023, the average compound plasticisers import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform