Selenium Price in Belgium - 2023

Contents:

1. Selenium Price in Belgium (FOB) - 2022
2. Selenium Price in Belgium (CIF) - 2022
3. Selenium Exports in Belgium
4. Selenium Imports in Belgium

Selenium Price in Belgium (FOB) - 2022

The average selenium export price stood at $23,714 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 7.6% against the previous year. Over the period under review, the average export prices reached the peak figure at $41,497 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($42,831 per ton), while the average price for exports to the Philippines ($2,396 per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-4.1%), while the prices for the other major destinations experienced a decline.

Selenium Price in Belgium (CIF) - 2022

The average selenium import price stood at $13,214 per ton in 2022, jumping by 17% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 40%. Over the period under review, average import prices hit record highs at $32,544 per ton in 2012; however, from 2013 to 2022, 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 the UK ($52,261 per ton), while the price for the Netherlands ($5,472 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Selenium Exports in Belgium

In 2022, the amount of selenia exported from Belgium declined modestly to 299 tons, falling by -1.6% on the previous year. The total export volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 39%. As a result, the exports reached the peak of 304 tons, and then dropped modestly in the following year.

In value terms, selenium exports fell modestly to $7.1M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $7.1M, leveling off in the following year.

Top Export Markets for Selenium from Belgium in 2022:

1. Philippines (92.3 tons)
2. United States (65.1 tons)
3. Italy (33.6 tons)
4. South Africa (25.0 tons)
5. Spain (21.4 tons)
6. Germany (15.8 tons)
7. Bulgaria (13.1 tons)
8. China (8.2 tons)

Selenium Imports in Belgium

In 2022, after three years of growth, there was significant decline in overseas purchases of selenia, when their volume decreased by -23.6% to 183 tons. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year.

In value terms, selenium imports shrank to $2.4M in 2022. Over the period under review, imports faced a deep contraction. The smallest decline of -7.2% was in 2020.

Top Suppliers of Selenium to Belgium in 2022:

1. United States (undefined tons)
2. Netherlands (63.1 tons)
3. Philippines (38.6 tons)
4. South Korea (24.5 tons)
5. Poland (21.3 tons)
6. Chile (12.6 tons)
7. Italy (9.3 tons)
8. Japan (6.5 tons)
9. China (5.4 tons)
10. Switzerland (0.2 tons)

Source: IndexBox Market Intelligence Platform