Belgium - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPhosphoric Acid Price in Belgium - 2023
Contents:
- Phosphoric Acid Price in Belgium (FOB) - 2023
- Phosphoric Acid Price in Belgium (CIF) - 2023
- Phosphoric Acid Exports in Belgium
- Phosphoric Acid Imports in Belgium
Phosphoric Acid Price in Belgium (FOB) - 2023
The average phosphoric acid export price stood at $1,359 per ton in August 2023, with an increase of 8.1% against the previous month. In general, the export price, however, saw a slight descent. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 16% month-to-month. The export price peaked at $1,769 per ton in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($2,536 per ton), while the average price for exports to Germany ($1,073 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.
Phosphoric Acid Price in Belgium (CIF) - 2023
The average phosphoric acid import price stood at $830 per ton in August 2023, picking up by 32% against the previous month. Overall, the import price, however, recorded a noticeable decline. The pace of growth was the most pronounced in June 2023 when the average import price increased by 116% against the previous month. As a result, import price attained the peak level of $1,697 per ton. From July 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($1,604 per ton), while the price for Germany ($194 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Morocco (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphoric Acid Exports in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas shipments of phosphoric acid and polyphosphoric acids, which increased by 1.8% to 314K tons in 2022. The total export volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 5.8% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, phosphoric acid exports surged to $471M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphoric Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 65.1 | 61.3 | 72.8 | 121 | 23.0% |
| Netherlands | 11.0 | 59.7 | 62.0 | 101 | 109.4% |
| Germany | 28.3 | 20.8 | 35.5 | 85.9 | 44.8% |
| United States | 53.1 | 14.0 | 31.7 | 41.3 | -8.0% |
| Ireland | 15.2 | 15.0 | 17.9 | 34.3 | 31.2% |
| United Kingdom | 19.4 | 19.1 | 20.6 | 24.8 | 8.5% |
| Italy | 7.0 | 7.9 | 10.8 | 17.5 | 35.7% |
| Others | 18.2 | 23.3 | 29.7 | 45.6 | 35.8% |
| Total | 217 | 221 | 281 | 471 | 29.5% |
Top Export Markets for Phosphoric Acid from Belgium in 2022:
- Netherlands (85.8K tons)
- France (80.4K tons)
- Germany (40.6K tons)
- United States (31.6K tons)
- United Kingdom (20.6K tons)
- Ireland (18.3K tons)
- Italy (8.0K tons)
Phosphoric Acid Imports in Belgium
After three years of growth, purchases abroad of phosphoric acid and polyphosphoric acids decreased by -2.7% to 368K tons in 2022. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 378K tons, and then dropped modestly in the following year.
In value terms, phosphoric acid imports surged to $380M in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 55%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Phosphoric Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 134 | 137 | 206 | 303 | 31.3% |
| South Africa | N/A | N/A | 18.2 | 39.5 | 117.0% |
| Finland | 8.3 | 12.2 | 9.3 | 14.6 | 20.7% |
| Netherlands | 3.9 | 5.7 | 7.0 | 8.2 | 28.1% |
| Others | 7.6 | 4.9 | 6.5 | 15.2 | 26.0% |
| Total | 154 | 160 | 248 | 380 | 35.1% |
Top Suppliers of Phosphoric Acid to Belgium in 2022:
- Morocco (291.7K tons)
- South Africa (42.5K tons)
- Finland (15.5K tons)
- Netherlands (3.5K tons)
This report provides an in-depth analysis of the phosphoric acid market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132455 - Phosphoric acid and polyphosphoric acids
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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