Belgium - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Belgium - 2023
Contents:
- Crude Oil Price in Belgium (CIF) - 2023
- Crude Oil Price in Belgium (FOB) - 2023
- Crude Oil Imports in Belgium
- Crude Oil Exports in Belgium
Crude Oil Price in Belgium (CIF) - 2023
In July 2023, the average crude oil import price amounted to $692 per ton, rising by 8.1% against the previous month. Over the period under review, the import price, however, recorded a slight curtailment. Over the period under review, average import prices reached the maximum at $844 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($694 per ton), while the price for Algeria totaled $659 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.6%).
Crude Oil Price in Belgium (FOB) - 2023
In July 2023, the average crude oil export price amounted to $597 per ton, declining by -2.9% against the previous month. Over the period under review, the export price showed a precipitous decrease. The pace of growth appeared the most rapid in December 2022 an increase of 13% month-to-month. Over the period under review, the average export prices reached the maximum at $12,444 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From July 2022 to July 2023, the rate of growth in terms of prices for the Netherlands amounted to -23.0% per month.
Crude Oil Imports in Belgium
In 2022, the amount of crude petroleum oil imported into Belgium declined to 33M tons, waning by -6.8% compared with 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of 35M tons, and then fell in the following year.
In value terms, crude oil imports surged to $23.8B in 2022. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Crude Oil in Belgium (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 15.1 | 9.8 | 17.7 | 23.4 | 15.7% |
| Others | 0.5 | 0.2 | 0.5 | 0.5 | 0.0% |
| Total | 15.5 | 9.9 | 18.2 | 23.8 | 15.4% |
Top Suppliers of Crude Oil to Belgium in 2022:
- Netherlands (32.2M tons)
Crude Oil Exports in Belgium
In 2022, overseas shipments of crude petroleum oil decreased by -86.1% to 92K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 993%. As a result, the exports reached the peak of 832K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, crude oil exports fell significantly to $65M in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,040% against the previous year.
| Export of Crude Oil in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 49.1 | 557 | 448 | 61.6 | 7.9% |
| Gibraltar | N/A | N/A | N/A | 3.5 | 0% |
| Others | 0.3 | 5.6 | 134 | N/A | 2013.4% |
| Total | 49.4 | 563 | 581 | 65.2 | 9.7% |
Top Export Markets for Crude Oil from Belgium in 2022:
- Netherlands (80.8K tons)
- Gibraltar (11.0K tons)
This report provides an in-depth analysis of the crude oil 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:
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the crude oil market in Belgium.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Belgium.
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This report provides an in-depth analysis of the global crude oil market.
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This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
569
This report provides an in-depth analysis of the crude oil market in Belgium.
125
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Belgium.
409
This report provides an in-depth analysis of the global crude oil market.
134
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
