Belgium - Adipic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Belgium - Adipic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

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Adipic Acid Price in Belgium - 2023

Contents:

  1. Adipic Acid Price in Belgium (CIF) - 2023
  2. Adipic Acid Price in Belgium (FOB) - 2023
  3. Adipic Acid Imports in Belgium
  4. Adipic Acid Exports in Belgium

Adipic Acid Price in Belgium (CIF) - 2023

The average adipic acid import price stood at $1,934 per ton in June 2023, reducing by -4.3% against the previous month. Overall, the import price saw a slight downturn. The most prominent rate of growth was recorded in February 2023 an increase of 27% m-o-m. The import price peaked at $2,573 per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($3,852 per ton), while the price for China ($1,371 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (+5.6%), while the prices for the other major suppliers experienced a decline.

Adipic Acid Price in Belgium (FOB) - 2023

The average adipic acid export price stood at $2,191 per ton in June 2023, with an increase of 4.2% against the previous month. Over the period under review, the export price, however, saw a mild decrease. The growth pace was the most rapid in December 2022 when the average export price increased by 17% month-to-month. As a result, the export price reached the peak level of $2,812 per ton. From January 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,612 per ton), while the average price for exports to Italy ($1,588 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 (+1.5%), while the prices for the other major destinations experienced a decline.

Adipic Acid Imports in Belgium

In 2022, adipic acid imports into Belgium reached 15K tons, increasing by 6.1% against the year before. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, adipic acid imports rose rapidly to $35M in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 101%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Import of Adipic Acid in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.96.612.39.524.7%
China0.80.44.27.7112.7%
France1.11.84.37.589.6%
Italy2.62.86.66.032.1%
United States0.40.51.02.071.0%
Netherlands1.20.71.91.57.7%
United Kingdom1.02.00.60.3-33.1%
South Korea0.40.60.1N/A-50.0%
Others0.20.20.30.1-20.6%
Total12.615.531.134.539.9%

Top Suppliers of Adipic Acid to Belgium in 2022:

  1. China (4.2K tons)
  2. Germany (3.5K tons)
  3. France (3.0K tons)
  4. Italy (2.4K tons)
  5. United States (1.0K tons)
  6. Netherlands (0.6K tons)
  7. United Kingdom (0.1K tons)

Adipic Acid Exports in Belgium

Adipic acid exports from Belgium surged to 11K tons in 2022, rising by 25% compared with the previous year's figure. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 97%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, adipic acid exports surged to $26M in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 100% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Export of Adipic Acid in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy1.61.63.010.889.0%
France1.10.53.16.076.0%
Netherlands2.00.86.62.46.3%
Germany4.24.34.12.0-21.9%
PolandN/AN/A0.21.6700.0%
United Kingdom0.40.91.21.244.2%
Austria0.10.50.50.571.0%
South Korea0.51.10.6N/A9.5%
Others1.51.22.51.86.3%
Total11.310.921.826.332.5%

Top Export Markets for Adipic Acid from Belgium in 2022:

  1. South Korea (undefinedK tons)
  2. Italy (4.6K tons)
  3. France (2.6K tons)
  4. Netherlands (1.0K tons)
  5. Germany (0.7K tons)
  6. Poland (0.6K tons)
  7. United Kingdom (0.4K tons)
  8. Austria (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the adipic acid market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20143385 - Adipic acid, its salts and esters

Country coverage:

  • Belgium

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Belgium
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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