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Belgium - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Belgium: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Belgium

The Belgian crude soybean oil market soared to $X in 2019, with an increase of X% against the previous year. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Crude Soybean Oil Production in Belgium

In value terms, crude soybean oil production rose rapidly to $X in 2019 estimated in export prices. Over the period under review, production saw a pronounced decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

Crude Soybean Oil Exports

Exports from Belgium

In 2019, approx. X tonnes of crude soybean oil were exported from Belgium; reducing by -X% on the previous year. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, crude soybean oil exports reduced dramatically to $X in 2019. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

The UK (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main destinations of crude soybean oil exports from Belgium, with a combined X% share of total exports. These countries were followed by Guatemala, South Korea and Luxembourg, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea, while exports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for crude soybean oil exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2019, the average annual growth rate of value to the UK stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The average crude soybean oil export price stood at $X per tonne in 2019, jumping by X% against the previous year. Overall, the export price, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per tonne), while the average price for exports to Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced mixed trend patterns.

Crude Soybean Oil Imports

Imports into Belgium

Crude soybean oil imports into Belgium reduced remarkably to X tonnes in 2019, which is down by -X% on the year before. Over the period under review, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, crude soybean oil imports shrank markedly to $X in 2019. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

The Netherlands (X tonnes), Germany (X tonnes) and Hungary (X tonnes) were the main suppliers of crude soybean oil imports to Belgium, with a combined X% share of total imports. These countries were followed by Italy, which accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Hungary ($X) constituted the largest crude soybean oil suppliers to Belgium, together comprising X% of total imports.

Among the main suppliers, Hungary (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average crude soybean oil import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price showed a slight contraction. The pace of growth was the most pronounced in 2011 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Germany ($X per tonne) and Italy ($X per tonne), while the price for the Netherlands ($X per tonne) and Hungary ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil consumption in 2019 were China (4.4M tonnes), India (3.1M tonnes) and the U.S. (1.8M tonnes), together comprising 31% of global consumption. Japan, Russia, Algeria, Indonesia, Brazil, Bangladesh, Pakistan, Mexico, Morocco and Germany lagged somewhat behind, together accounting for a further 24%.
What are the largest producers of crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil production in 2019 were Argentina (5.1M tonnes), China (3.8M tonnes) and the U.S. (2.6M tonnes), with a combined 38% share of global production.
What are the leading suppliers of crude soybean oil to Belgium?
+
In value terms, the Netherlands ($20M), Germany ($14M) and Hungary ($6.5M) appeared to be the largest crude soybean oil suppliers to Belgium, with a combined 96% share of total imports.
What are the leading importers of crude soybean oil from Belgium?
+
In value terms, the UK ($3.4M) remains the key foreign market for crude soybean oil exports from Belgium, comprising 57% of total exports. The second position in the ranking was occupied by France ($1.7M), with a 28% share of total exports. It was followed by the Netherlands, with a 6.5% share.
What is the average export price for crude soybean oil in Belgium?
+
The average crude soybean oil export price stood at $990 per tonne in 2019, jumping by 24% against the previous year.
What is the average import price for crude soybean oil in Belgium?
+
In 2019, the average crude soybean oil import price amounted to $760 per tonne, shrinking by -8.4% against the previous year.

Product coverage:
• Prodcom 10412100 - Crude soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude soybean 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 2025.


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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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