Belgium: Copper Powder Market 2024

Copper Powder Market Size in Belgium

In 2023, after two years of growth, there was significant decline in the Belgian copper powder market, when its value decreased by X% to $X. In general, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Copper Powder Production in Belgium

In value terms, copper powder production shrank to $X in 2023 estimated in export price. In general, production recorded a deep downturn. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Copper Powder Exports

Exports from Belgium

Copper powder exports from Belgium soared to X tons in 2023, rising by X% compared with the year before. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked in 2023 and are likely to see gradual growth in the near future.

In value terms, copper powder exports surged to $X in 2023. In general, total exports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for copper powder exports from Belgium, with a X% share of total exports. Moreover, copper powder exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Thailand (X% per year).

In value terms, the largest markets for copper powder exported from Belgium were the United States ($X), Saudi Arabia ($X) and Romania ($X), with a combined X% share of total exports. Thailand, Germany, Indonesia, Egypt, the United Arab Emirates, Malaysia, Japan, Taiwan (Chinese) and Bangladesh lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average copper powder export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Germany ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Powder Imports

Imports into Belgium

In 2023, overseas purchases of copper powders and flakes decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, copper powder imports soared to $X in 2023. Overall, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest copper powder supplier to Belgium, with a X% share of total imports. Moreover, copper powder imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the Netherlands ($X), Germany ($X) and the United States ($X) were the largest copper powder suppliers to Belgium, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper powder import price stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price, however, showed a deep reduction. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, 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 ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform