Belgium: Bismuth Market 2024

Bismuth Market Size in Belgium

The Belgian bismuth market surged to $X in 2023, with an increase of X% against the previous year. Overall, consumption recorded significant growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Bismuth Production in Belgium

In value terms, bismuth production expanded notably to $X in 2023 estimated in export price. In general, production, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Bismuth Exports

Exports from Belgium

Bismuth exports from Belgium reduced rapidly to X tons in 2023, waning by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, bismuth exports contracted notably to $X in 2023. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for bismuth exports from Belgium, with a X% share of total exports. Moreover, bismuth exports to the Netherlands exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, 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: China (X% per year) and Germany (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average bismuth export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Bismuth Imports

Imports into Belgium

In 2023, supplies from abroad of bismuth decreased by X% to X tons, falling for the fifth consecutive year after four years of growth. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, bismuth imports declined significantly to $X in 2023. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Luxembourg (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of bismuth imports to Belgium, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Luxembourg (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X) constituted the largest supplier of bismuth to Belgium, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Luxembourg stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average bismuth import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform