Belgium - Industrial Oleic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Oleic Acid Price in Belgium - 2023
Contents:
- Industrial Oleic Acid Price in Belgium (FOB) - 2023
- Industrial Oleic Acid Price in Belgium (CIF) - 2023
- Industrial Oleic Acid Exports in Belgium
- Industrial Oleic Acid Imports in Belgium
Industrial Oleic Acid Price in Belgium (FOB) - 2023
The average industrial oleic acid export price stood at $2,091 per ton in June 2023, standing approximately at the previous month. Over the period under review, the export price, however, saw a slight reduction. The growth pace was the most rapid in February 2023 when the average export price increased by 7.3% m-o-m. Over the period under review, the average export prices reached the maximum at $2,611 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In June 2023, the countries with the highest prices were the UK ($2,491 per ton) and Germany ($2,482 per ton), while the average price for exports to France ($1,900 per ton) and Italy ($2,027 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.9%), while the prices for the other major destinations experienced a decline.
Industrial Oleic Acid Price in Belgium (CIF) - 2023
In June 2023, the average industrial oleic acid import price amounted to $1,436 per ton, with an increase of 6.8% against the previous month. Over the period under review, the import price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 36% month-to-month. Over the period under review, average import prices attained the peak figure at $2,356 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($2,221 per ton), while the price for Malaysia ($1,323 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 the Netherlands (-0.7%), while the prices for the other major suppliers experienced a decline.
Industrial Oleic Acid Exports in Belgium
Industrial oleic acid exports from Belgium shrank to 35K tons in 2022, flattening at 2021 figures. Over the period under review, exports continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 1.3%.
In value terms, industrial oleic acid exports contracted dramatically to $50M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 59%. As a result, the exports reached the peak of $62M, and then shrank remarkably in the following year.
| Export of Industrial Oleic Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 15.2 | 17.6 | 24.2 | 25.3 | 18.5% |
| Germany | 7.1 | 8.3 | 12.5 | 6.9 | -0.9% |
| Netherlands | 4.7 | 5.1 | 9.6 | 4.6 | -0.7% |
| Italy | 3.3 | 3.2 | 5.4 | 3.8 | 4.8% |
| United Kingdom | 1.7 | 1.4 | 2.9 | 3.6 | 28.4% |
| Japan | 0.9 | 0.1 | 0.4 | 1.9 | 28.3% |
| South Africa | 0.8 | 0.2 | 0.1 | 1.1 | 11.2% |
| Spain | 1.2 | 0.8 | 1.2 | 0.7 | -16.4% |
| Others | 2.2 | 2.1 | 5.3 | 2.3 | 1.5% |
| Total | 37.0 | 38.8 | 61.6 | 50.2 | 10.7% |
Top Export Markets for Industrial Oleic Acid from Belgium in 2022:
- France (19.7K tons)
- Germany (4.2K tons)
- Netherlands (2.8K tons)
- Italy (2.3K tons)
- United Kingdom (2.0K tons)
- Japan (1.1K tons)
- South Africa (0.6K tons)
- Spain (0.5K tons)
Industrial Oleic Acid Imports in Belgium
In 2022, imports of industrial oleic acid into Belgium fell to 18K tons, which is down by -6.5% against the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 15%. As a result, imports attained the peak of 19K tons, and then dropped in the following year.
In value terms, industrial oleic acid imports dropped rapidly to $24M in 2022. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. As a result, imports attained the peak of $30M, and then shrank markedly in the following year.
| Import of Industrial Oleic Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.6 | 1.9 | 12.1 | 13.7 | 183.7% |
| Malaysia | 3.1 | 2.2 | 3.6 | 5.0 | 17.3% |
| Germany | 3.9 | 3.9 | 7.7 | 3.2 | -6.4% |
| Indonesia | 7.5 | 8.6 | 5.2 | 1.0 | -48.9% |
| Spain | N/A | 0.1 | 1.1 | 0.7 | 164.6% |
| Others | 0.1 | 0.7 | 0.5 | 0.2 | 26.0% |
| Total | 15.1 | 17.3 | 30.2 | 23.8 | 16.4% |
Top Suppliers of Industrial Oleic Acid to Belgium in 2022:
- Netherlands (9.8K tons)
- Malaysia (4.4K tons)
- Germany (2.0K tons)
- Indonesia (0.7K tons)
- Spain (0.6K tons)
This report provides an in-depth analysis of the industrial oleic 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 20143130 - Industrial oleic acid
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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