Belgium: Mdf Market 2024

Mdf Market Size in Belgium

The Belgian MDF market contracted modestly to $X in 2021, falling by -5% against the previous year. Over the period under review, consumption, however, continues to indicate a resilient increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Mdf Production in Belgium

In value terms, MDF production amounted to $X in 2021 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 23%. Production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Mdf Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in overseas shipments of MDF, which increased by 25% to X cubic meters in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X cubic meters in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, MDF exports skyrocketed to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 34%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X cubic meters) was the main destination for MDF exports from Belgium, with a 33% share of total exports. Moreover, MDF exports to France exceeded the volume sent to the second major destination, the Netherlands (X cubic meters), threefold. The UK (X cubic meters) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.7% per year) and the UK (-2.1% per year).

In value terms, France ($X) remains the key foreign market for MDF exports from Belgium, comprising 25% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.4% per year) and the UK (+5.3% per year).

Export Prices by Country

In 2021, the average MDF export price amounted to $X per cubic meter, growing by 4.7% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, MDF export price decreased by -9.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per cubic meter), while the average price for exports to Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mdf Imports

Imports into Belgium

In 2021, approx. X cubic meters of MDF were imported into Belgium; with an increase of 39% on the previous year. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, MDF imports skyrocketed to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X cubic meters), Germany (X cubic meters) and the Netherlands (X cubic meters) were the main suppliers of MDF imports to Belgium, together accounting for 65% of total imports. Luxembourg, Russia, the UK and Ireland lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +121.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Luxembourg ($X) were the largest MDF suppliers to Belgium, together comprising 62% of total imports. These countries were followed by the Netherlands, Russia, Ireland and the UK, which together accounted for a further 29%.

Russia, with a CAGR of +105.5%, recorded the highest rates of growth with regard to 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 2021, the average MDF import price amounted to $X per cubic meter, jumping by 17% against the previous year. Overall, the import price, however, recorded a pronounced slump. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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