Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium - 2023

Contents:

1. Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium (FOB) - 2023
2. Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium (CIF) - 2023
3. Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium
4. Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium

Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium (FOB) - 2023

In November 2023, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $795 per ton, declining by -3.4% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 6.9% m-o-m. Over the period under review, the average export prices attained the maximum at $868 per ton in September 2023; however, from October 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Brazil ($3,460 per ton), while the average price for exports to the United States ($628 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium (CIF) - 2023

In November 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $762 per ton, therefore, remained relatively stable against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 7.6% m-o-m. As a result, import price attained the peak level of $797 per ton. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the highest price was recorded for prices from the UK ($816 per ton) and Norway ($767 per ton), while the price for Algeria ($696 per ton) and Libya ($727 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium

For the fourth consecutive year, Belgium recorded growth in shipments abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, which increased by 8.2% to 22M tons in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 92% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $20.1B in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 122% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Belgium in 2022:

1. Nigeria (6.7M tons)
2. Netherlands (6.1M tons)
3. Germany (1.5M tons)
4. United States (1.2M tons)
5. Libya (0.9M tons)
6. Brazil (0.6M tons)
7. France (0.6M tons)
8. Ghana (0.5M tons)
9. Senegal (0.5M tons)
10. Canada (0.5M tons)
11. Cote d'Ivoire (0.5M tons)
12. Togo (0.3M tons)
13. United Kingdom (0.3M tons)

Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Belgium

After three years of growth, overseas purchases of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s decreased by -1% to 17M tons in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 75%.

In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $14.2B in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 107%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Belgium in 2022:

1. Russia (4.9M tons)
2. Netherlands (4.7M tons)
3. United Kingdom (1.7M tons)
4. France (1.0M tons)
5. Spain (0.8M tons)
6. Italy (0.7M tons)
7. Germany (0.6M tons)
8. United States (0.4M tons)
9. Algeria (0.3M tons)
10. Norway (0.3M tons)

Source: IndexBox Market Intelligence Platform