Belgium: Thiosulphates Market 2023

Thiosulphates Market Size in Belgium

After eight years of decline, the Belgian thiosulphates market increased by 309% to $X in 2021. In general, consumption, however, faced a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Thiosulphates Production in Belgium

In value terms, thiosulphates production rose modestly to $X in 2021 estimated in export price. In general, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by 18%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Thiosulphates Exports

Exports from Belgium

In 2021, exports of thiosulphates from Belgium soared to X tons, with an increase of 51% on 2020. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 926% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, thiosulphates exports soared to $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 259%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Australia (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of thiosulphates exports from Belgium, together accounting for 51% of total exports. Argentina, France, Uruguay, Chile, Saudi Arabia, Poland, Peru, the UK and Hungary lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +257.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for thiosulphates exported from Belgium were Australia ($X), Argentina ($X) and Spain ($X), with a combined 53% share of total exports. These countries were followed by the Netherlands, France, Saudi Arabia, Uruguay, Chile, Poland, the UK, Hungary and Peru, which together accounted for a further 36%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +169.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average thiosulphates export price amounted to $X per ton, growing by 2.2% against the previous year. Overall, the export price, however, showed a deep setback. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Argentina ($X per ton), while the average price for exports to the Netherlands ($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 Peru (-4.7%), while the prices for the other major destinations experienced a decline.

Thiosulphates Imports

Imports into Belgium

In 2021, overseas purchases of thiosulphates were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, thiosulphates imports skyrocketed to $X in 2021. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of thiosulphates imports to Belgium, together comprising 84% of total imports. France, the Netherlands and the United States lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +68.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest thiosulphates suppliers to Belgium were the United States ($X), France ($X) and Italy ($X), together comprising 86% of total imports.

Among the main suppliers, the United States, with a CAGR of +136.7%, 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 thiosulphates import price stood at $X per ton in 2021, dropping by -2.3% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, thiosulphates import price increased by +112.9% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 86%. As a result, import price reached the peak level of $X per ton, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+40.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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