Belgium: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Belgium

The Belgian market for compounds with other nitrogen function (excluding isocyanates) fell remarkably to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, saw strong growth. Over the period under review, the market reached the peak level at $X in 2021, and then contracted dramatically in the following year.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Belgium

In value terms, compounds with other nitrogen function production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Belgium

In 2022, shipments abroad of compounds with other nitrogen function (excluding isocyanates) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, showed a abrupt shrinkage. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports skyrocketed to $X in 2022. Overall, exports, however, faced a deep slump. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for compounds with other nitrogen function exports from Belgium, with a X% share of total exports. Moreover, compounds with other nitrogen function exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Benin (X tons), threefold. The United States (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 Cote d'Ivoire stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and the United States (X% per year).

In value terms, Germany ($X), the United States ($X) and Cote d'Ivoire ($X) constituted the largest markets for compounds with other nitrogen function exported from Belgium worldwide, with a combined X% share of total exports.

Cote d'Ivoire, with a CAGR of X%, recorded 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 export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Netherlands ($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 Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Belgium

In 2022, overseas purchases of compounds with other nitrogen function (excluding isocyanates) increased by X% to X tons for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, imports, however, recorded a deep slump. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, compounds with other nitrogen function imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), France (X tons) and Germany (X tons) were the main suppliers of compounds with other nitrogen function imports to Belgium, with a combined X% share of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Belgium, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, which is down by X% against the previous year. Overall, import price indicated a temperate increase 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, compounds with other nitrogen function import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.

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

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

Source: IndexBox Platform

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