Not reinforced or laminated non-cellular PP sheet market in Belgium

Earlier Report Observations

The market volume for not reinforced or laminated non-cellular PP sheet in Belgium increased from 154.7 thousand tons in 2020 to 171.5 thousand tons in 2022, before declining to 131.7 thousand tons in 2023. In value terms, the market expanded from $167.8 million in 2020 to $248.1 million in 2022, then contracted to $215.3 million in 2023, indicating a rise in average prices over the period.

Domestic production fell from 151.7 thousand tons in 2020 to 138.0 thousand tons in 2022 and further to 115.2 thousand tons in 2023. Imports fluctuated, peaking at 131.7 thousand tons in 2019 before dropping to 94.4 thousand tons in 2021 and recovering slightly in 2022. Exports declined from 130.8 thousand tons in 2018 to 79.2 thousand tons in 2023, with a notable drop after 2021.

The overall market dynamics show a contraction in physical volume after 2022, coupled with a significant increase in market value, suggesting changes in product mix or cost pressures. The reduction in both production and trade volumes points to a broader adjustment in the supply chain during the latter part of the period.

Production not reinforced or laminated non-cellular PP sheet in Belgium

In value, 2017-2020, M $ US

Annual dynamics of production in Belgium in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Annual dynamics of production in Belgium in kind, 2017-2020, K t

Exports not reinforced or laminated non-cellular PP sheet from Belgium

Exports in kind, K t

Belgium's exports of not reinforced or laminated non-cellular PP sheet declined for the third consecutive year. In 2020, the country exported 116.0 K t, marking a moderate reduction of 4.9% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 15.5%, which translates to an annualized decline rate of 5.5%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, K t

From 2017 to 2020, Belgium's exports of not reinforced or laminated non-cellular PP sheet were distributed across a wide range of buyers. The United Kingdom accounted for 16.4% of exports in kind, Germany for 16.0%, and France for 11.0%. Together, these three countries represented only 43.4% of total exports, with many other nations holding smaller but significant shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Belgium in kind, 2017-2020

Exports in value, M $ US

Belgium's cross-border shipments of not reinforced or laminated non-cellular PP sheet declined for the second consecutive year. In 2020, exports amounted to 332.5 M $ US, showing a substantial decline of 16.8% from the previous year. Between 2017 and 2020, exports decreased by 22.3%, with a compound annual growth rate (CAGR) of -8.1%. The peak value was recorded in 2018 at 437.7 M $ US, which also saw the largest increase of 2.3%.

Annual dynamics of product's exports from Belgium in value, 2017-2020, M $ US

From 2017 to 2020, Belgium's exports of not reinforced or laminated non-cellular PP sheet in value terms were spread across numerous countries. Germany contributed 16.0% of exports in value, the United Kingdom 14.6%, and France 10.8%. Collectively, these three partners accounted for only 41.4% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Belgium in value, 2017-2020

Imports not reinforced or laminated non-cellular PP sheet to Belgium

Imports in kind, K t

After a two-year rise, Belgium's imports of not reinforced or laminated non-cellular PP sheet declined. In 2020, the country imported 119.1 K t, down by 9.6% compared to 2019. Over the period from 2017 to 2020, imports decreased by 3.6%, with a CAGR of -1.2%. The highest import volume was recorded in 2019 at 131.7 K t, which also experienced the largest increase of 5.3%.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, K t

Throughout 2017 to 2020, the Netherlands, Italy, and Germany were the key partners for Belgium's imports of not reinforced or laminated non-cellular PP sheet in kind. The Netherlands accounted for 26.8% of imports, Italy for 23.8%, and Germany for 22.2%. Together, these three countries represented 72.8% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Belgium in kind, 2017-2020

Imports in value, M $ US

Belgium's imports of not reinforced or laminated non-cellular PP sheet declined for the second consecutive year. In 2020, imports totaled 273.1 M $ US, down by 22.5% from the previous year. Between 2017 and 2020, imports decreased by 25.7%, equating to an annualized decline rate of 9.4%. The maximum value was recorded in 2018 at 379.4 M $ US, which also saw the largest increase of 3.3%.

Annual dynamics of product's imports to Belgium in value, 2017-2020, M $ US

From 2017 to 2020, Italy, the Netherlands, and Germany were the main markets for Belgium's imports of not reinforced or laminated non-cellular PP sheet in value terms. Italy accounted for 27.6% of imports, the Netherlands for 25.4%, and Germany for 20.8%. Collectively, these three partners represented 73.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Belgium in value, 2017-2020