Belgium: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Belgium

In 2022, the Belgian market for inorganic oxygen compounds of non-metals decreased by X% to $X, falling for the third year in a row after four years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Inorganic Oxygen Compounds Of Non-Metals in Belgium

In value terms, inorganic oxygen compounds of non-metals production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Belgium

In 2022, after six years of growth, there was significant decline in shipments abroad of inorganic oxygen compounds of non-metals, when their volume decreased by X% to X tons. In general, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped remarkably in the following year.

In value terms, inorganic oxygen compounds of non-metals exports soared to $X in 2022. Overall, exports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Belgium, with a X% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Austria (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 Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Austria (X% per year).

In value terms, Germany ($X), Poland ($X) and Austria ($X) constituted the largest markets for inorganic oxygen compounds of non-metals exported from Belgium worldwide, together comprising X% of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of 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 inorganic oxygen compounds of non-metals amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, continues to indicate a pronounced slump. 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 the United States ($X per ton), while the average price for exports to the Netherlands ($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 more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Belgium

After three years of decline, overseas purchases of inorganic oxygen compounds of non-metals increased by X% to X tons in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports reached $X in 2022. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), France (X tons) and Hungary (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Belgium, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Belgium were Hungary ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports.

Hungary, 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 mixed trend patterns.

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

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 Hungary ($X per ton), while the price for the Netherlands ($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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