Belgium: Mineral Wool Market 2022

Mineral Wool Market Size in Belgium

The Belgian mineral wool market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mineral Wool Exports

Exports from Belgium

In 2021, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were exported from Belgium; which is down by -X% against the year before. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, mineral wool exports dropped dramatically to $X in 2021. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for mineral wool exports from Belgium, with a X% share of total exports. Moreover, mineral wool exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X tons), sixfold. South Africa (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and South Africa (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Luxembourg (-X% per year).

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

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

Mineral Wool Imports

Imports into Belgium

After three years of decline, purchases abroad of slag wool, rock wool and similar mineral wools and mixtures increased by X% to X tons in 2021. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, mineral wool imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern 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

In 2021, the Netherlands (X tons) constituted the largest supplier of mineral wool to Belgium, with a X% share of total imports. Moreover, mineral wool imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+X% per year) and Germany (-X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of mineral wool to Belgium, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Slovenia (+X% per year).

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform