Belgium: Mineral Wool Market 2024

Mineral Wool Market Size in Belgium

In 2023, after two years of growth, there was decline in the Belgian mineral wool market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2022, and then shrank slightly in the following year.

Mineral Wool Exports

Exports from Belgium

In 2023, shipments abroad of slag wool, rock wool and similar mineral wools and mixtures decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, mineral wool exports plummeted to $X in 2023. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for mineral wool exports from Belgium, with a X% share of total exports. Moreover, mineral wool exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the Netherlands ($X) remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Luxembourg ($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: Luxembourg (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average mineral wool export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 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 France ($X per ton), while the average price for exports to the UK ($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 Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Belgium

In 2023, overseas purchases of slag wool, rock wool and similar mineral wools and mixtures decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, mineral wool imports contracted modestly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then contracted modestly in the following year.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest supplier of mineral wool to Belgium, accounting for a X% share of total imports. Moreover, mineral wool imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the Netherlands ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Belgium, comprising X% of total imports. The second position in the ranking was held by Slovenia ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average mineral wool import price amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform