Amine-Function Compounds Market Overview in Belgium
In value terms, amine-function compounds production rose rapidly to $ in 2019 estimated in export prices. Overall, production, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2009 with an increase of % year-to-year. Belgium production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
The size of the amine-function compounds market in Belgium reduced modestly to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.