Price for Poly(Lactic Acid); in Primary Forms in Belgium - 2023

Contents:

1. Price for Poly(Lactic Acid); in Primary Forms in Belgium (CIF) - 2022
2. Price for Poly(Lactic Acid); in Primary Forms in Belgium (FOB) - 2023
3. Imports of Poly(Lactic Acid); in Primary Forms in Belgium
4. Exports of Poly(Lactic Acid); in Primary Forms in Belgium

Price for Poly(Lactic Acid); in Primary Forms in Belgium (CIF) - 2022

In 2022, the average import price for poly(lactic acid); in primary formses amounted to $3,478 per ton, surging by 11% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 53%. Over the period under review, average import prices reached the maximum at $3,721 per ton in 2013; however, from 2014 to 2022, 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 United States ($7,852 per ton), while the price for the Netherlands ($3,193 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Poly(Lactic Acid); in Primary Forms in Belgium (FOB) - 2023

The average export price for poly(lactic acid); in primary formses stood at $3,449 per ton in June 2023, increasing by 1.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 32% month-to-month. The export price peaked in June 2023.

Prices varied noticeably by the country of destination: the country with the highest price was France ($3,986 per ton), while the average price for exports to Thailand ($2,116 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Poly(Lactic Acid); in Primary Forms in Belgium

In 2022, supplies from abroad of poly(lactic acid); in primary formses decreased by -7.1% to 7.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, poly(lactic acid); in primary forms imports rose modestly to $26M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 62%. As a result, imports attained the peak of $30M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Poly(Lactic Acid); in Primary Forms to Belgium in 2022:

1. Netherlands (7.1K tons)
2. United States (0.3K tons)
3. Germany (0.1K tons)

Exports of Poly(Lactic Acid); in Primary Forms in Belgium

In 2022, poly(lactic acid); in primary forms exports from Belgium surged to 4.7K tons, rising by 41% compared with the year before. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, poly(lactic acid); in primary forms exports soared to $14M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Poly(Lactic Acid); in Primary Forms from Belgium in 2022:

1. Germany (1174.0 tons)
2. Italy (973.8 tons)
3. France (482.3 tons)
4. Poland (350.5 tons)
5. Czech Republic (219.6 tons)
6. China (218.1 tons)
7. United Kingdom (199.4 tons)
8. Netherlands (183.3 tons)
9. Turkey (175.8 tons)
10. Switzerland (171.9 tons)
11. Spain (84.8 tons)
12. Russia (66.7 tons)
13. Greece (11.1 tons)

Source: IndexBox Market Intelligence Platform