Belgium: Polyacetals Market 2024

Polyacetals Market Size in Belgium

After three years of decline, the Belgian polyacetals market increased by X% to $X in 2022. In general, consumption posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyacetals Production in Belgium

In value terms, polyacetals production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded slight growth. Polyacetals production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Polyacetals Exports

Exports from Belgium

In 2022, overseas shipments of polyacetals in primary forms increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports saw a noticeable expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, polyacetals exports surged to $X in 2022. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for polyacetals exports from Belgium, with a X% share of total exports. Moreover, polyacetals exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

In value terms, Germany ($X) remains the key foreign market for polyacetals in primary forms exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and China (X% per year).

Export Prices by Country

The average polyacetals export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated a mild expansion 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, polyacetals export price increased by X% against 2020 indices. The pace of growth appeared the most rapid 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 maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per ton) and Poland ($X per ton), while the average price for exports to Brazil ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into Belgium

For the third consecutive year, Belgium recorded growth in overseas purchases of polyacetals in primary forms, which increased by X% to X tons in 2022. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, polyacetals imports surged to $X in 2022. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

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

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

In value terms, the largest polyacetals suppliers to Belgium were the Netherlands ($X), South Korea ($X) and Germany ($X), together accounting for X% of total imports. Thailand and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyacetals import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and South Korea ($X per ton), while the price for the Netherlands ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform