Belgium: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Belgium

The Belgian market for oleic, linoleic or linolenic acids, their salts and esters fell notably to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a pronounced descent. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Belgium

In value terms, oleic, linoleic or linolenic acids production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Oleic, linoleic or linolenic acids production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Belgium

In 2022, exports of oleic, linoleic or linolenic acids, their salts and esters from Belgium was estimated at X tons, with an increase of X% against the year before. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2022. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of oleic, linoleic or linolenic acids exports from Belgium, with a combined X% share of total exports. Spain, the United States, Italy, Sweden and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest markets for oleic, linoleic or linolenic acids exported from Belgium worldwide, together comprising X% of total exports. The United States, Spain, Italy, the UK and Sweden lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, rising by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oleic, linoleic or linolenic acids export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Belgium

After two years of growth, overseas purchases of oleic, linoleic or linolenic acids, their salts and esters decreased by X% to X tons in 2022. Overall, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids imports shrank to $X in 2022. Over the period under review, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of oleic, linoleic or linolenic acids imports to Belgium, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Belgium, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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