Price for Mineral Substances Not Elsewhere Specified or Included in Belgium - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Belgium (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Belgium (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Belgium
- Exports of Mineral Substances Not Elsewhere Specified or Included in Belgium
Price for Mineral Substances Not Elsewhere Specified or Included in Belgium (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $403 per ton in 2022, rising by 45% against the previous year. Over the period under review, the import price saw a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 69% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Australia ($1,693 per ton), while the price for France ($29 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Belgium (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $436 per ton in 2022, surging by 16% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mineral substances not elsewhere specified or includeds increased by +99.2% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 52%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($843 per ton), while the average price for exports to Luxembourg ($62 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 France (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Belgium
In 2022, approx. 456K tons of mineral substances not elsewhere specified or includeds were imported into Belgium; growing by 23% on the previous year's figure. The total import volume increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of mineral substances not elsewhere specified or includeds skyrocketed to $184M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 113%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Mineral Substances Not Elsewhere Specified or Included in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.2 | 27.0 | 32.9 | 91.1 | 669.4% |
| South Africa | 0.3 | 14.2 | 14.4 | 20.3 | 307.5% |
| Germany | 15.1 | 16.2 | 17.2 | 19.4 | 8.7% |
| Netherlands | 7.8 | 8.2 | 8.9 | 8.1 | 1.3% |
| Turkey | 4.3 | 2.2 | 5.0 | 6.6 | 15.4% |
| China | 0.6 | 4.0 | 1.9 | 6.4 | 120.1% |
| Luxembourg | 1.0 | 0.5 | 0.5 | 6.1 | 82.7% |
| Mexico | N/A | 3.3 | 5.0 | 5.9 | 33.7% |
| India | 2.4 | 2.8 | 2.9 | 4.6 | 24.2% |
| Senegal | 3.3 | 3.5 | 3.2 | 3.1 | -2.1% |
| Spain | 1.4 | 1.6 | 2.1 | 2.7 | 24.5% |
| France | 2.6 | 2.3 | 1.8 | 1.4 | -18.6% |
| Norway | N/A | 1.0 | N/A | N/A | 0% |
| Others | 6.7 | 10.1 | 6.9 | 8.0 | 6.1% |
| Total | 45.5 | 96.9 | 103 | 184 | 59.3% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Belgium in 2022:
- South Africa (85.5K tons)
- Turkey (82.4K tons)
- Germany (71.1K tons)
- Australia (53.8K tons)
- France (48.0K tons)
- Senegal (21.3K tons)
- Mexico (17.9K tons)
- Netherlands (16.7K tons)
- Spain (10.7K tons)
- Luxembourg (10.0K tons)
- India (8.7K tons)
- China (8.0K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Belgium
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from Belgium expanded sharply to 235K tons, with an increase of 7.9% compared with the previous year's figure. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 175% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of mineral substances not elsewhere specified or includeds soared to $102M in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 318% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Mineral Substances Not Elsewhere Specified or Included in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.0 | 24.6 | 27.2 | 35.9 | 107.8% |
| Germany | 2.8 | 25.4 | 21.3 | 24.8 | 106.9% |
| Netherlands | 3.4 | 7.5 | 6.6 | 14.9 | 63.6% |
| United Kingdom | 0.2 | 0.3 | 3.5 | 6.3 | 215.8% |
| Luxembourg | 0.6 | 0.8 | 3.4 | 2.6 | 63.0% |
| Denmark | 1.0 | 0.8 | 3.0 | 2.4 | 33.9% |
| Switzerland | 0.4 | 0.9 | 1.3 | 1.0 | 35.7% |
| Austria | 1.7 | 1.4 | 1.6 | 0.8 | -22.2% |
| Others | 3.0 | 10.0 | 13.8 | 13.6 | 65.5% |
| Total | 17.2 | 71.7 | 81.7 | 102 | 81.0% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Belgium in 2022:
- Netherlands (63.4K tons)
- France (54.1K tons)
- Luxembourg (41.2K tons)
- Germany (29.4K tons)
- United Kingdom (20.7K tons)
- Denmark (7.1K tons)
- Austria (2.7K tons)
- Switzerland (2.7K tons)
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