Belgium - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEthanol Price in Belgium - 2023
Contents:
- Ethanol Price in Belgium (FOB) - 2023
- Ethanol Price in Belgium (CIF) - 2023
- Ethanol Exports in Belgium
- Ethanol Imports in Belgium
Ethanol Price in Belgium (FOB) - 2023
The average ethanol export price stood at $1.3 per litre in June 2023, picking up by 17% against the previous month. Overall, the export price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 82% month-to-month. The export price peaked at $1.6 per litre in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Germany ($1.8 per litre), while the average price for exports to the United Arab Emirates ($622 per thousand litres) 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 (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Ethanol Price in Belgium (CIF) - 2023
The average ethanol import price stood at $1.6 per litre in June 2023, jumping by 277% against the previous month. Overall, the import price saw a temperate expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($2.2 per litre), while the price for South Africa ($867 per thousand litres) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethanol Exports in Belgium
After three years of growth, shipments abroad of ethyl alcohol decreased by -28% to 642M litres in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 63%. The exports peaked at 891M litres in 2021, and then contracted significantly in the following year.
In value terms, ethanol exports expanded notably to $717M in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 85%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Ethanol in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 93.6 | 247 | 337 | 401 | 62.4% |
| Germany | 149 | 164 | 210 | 147 | -0.4% |
| France | 42.9 | 76.8 | 100 | 118 | 40.1% |
| Sweden | N/A | 2.7 | 0.3 | 34.9 | 259.5% |
| Others | 6.6 | 51.0 | 25.1 | 16.3 | 35.2% |
| Total | 292 | 541 | 672 | 717 | 34.9% |
Top Export Markets for Ethanol from Belgium in 2022:
- Netherlands (361.2M litres)
- Germany (154.8M litres)
- France (87.8M litres)
- Sweden (28.4M litres)
Ethanol Imports in Belgium
In 2022, supplies from abroad of ethyl alcohol decreased by -18.2% to 387M litres, falling for the second consecutive year after two years of growth. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 95%. As a result, imports attained the peak of 482M litres. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ethanol imports declined slightly to $347M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 74%. Over the period under review, imports attained the maximum at $356M in 2021, and then declined modestly in the following year.
| Import of Ethanol in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 111 | 163 | 205 | 197 | 21.1% |
| France | 39.2 | 63.1 | 70.5 | 63.6 | 17.5% |
| Germany | 14.5 | 35.1 | 31.7 | 36.0 | 35.4% |
| United Kingdom | 7.6 | 18.2 | 17.4 | 19.8 | 37.6% |
| United States | 6.8 | 11.6 | 8.9 | 16.0 | 33.0% |
| South Africa | 0.4 | 2.6 | 3.6 | 8.6 | 178.1% |
| Others | 0.9 | 20.3 | 18.5 | 6.3 | 91.3% |
| Total | 181 | 314 | 356 | 347 | 24.2% |
Top Suppliers of Ethanol to Belgium in 2022:
- Netherlands (193.3M litres)
- Germany (71.3M litres)
- France (62.9M litres)
- United States (21.5M litres)
- United Kingdom (19.4M litres)
- South Africa (9.5M litres)
This report provides an in-depth analysis of the ethanol 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 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
- Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
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
-
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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