In 2025, the Belgian crude oil market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2025, consumption failed to regain momentum.
Crude Oil Exports
Exports from Belgium
In 2025, after two years of growth, there was significant decline in shipments abroad of crude petroleum oil, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2025, the growth of the exports remained at a lower figure.
In value terms, crude oil exports fell remarkably to $X in 2025. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2022; however, from 2023 to 2025, the exports failed to regain momentum.
Exports by Country
The Netherlands (X tons) was the main destination for crude oil exports from Belgium, accounting for a approx. X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to the Netherlands stood at X%.
In value terms, the Netherlands ($X) also remains the key foreign market for crude petroleum oil exports from Belgium.
From 2012 to 2023, the average annual growth rate of value to the Netherlands amounted to X%.
Export Prices by Country
In 2023, the average crude oil export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price saw a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2023, the rate of growth in terms of prices for the Netherlands amounted to X% per year.
Crude Oil Imports
Imports into Belgium
In 2025, imports of crude petroleum oil into Belgium fell significantly to X tons, with a decrease of X% against 2023 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2023, and then shrank significantly in the following year.
In value terms, crude oil imports reduced to $X in 2025. In general, imports showed a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2025, imports failed to regain momentum.
Imports by Country
In 2023, the Netherlands (X tons) was the main crude oil supplier to Belgium, accounting for a X% share of total imports. Moreover, crude oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Algeria (X tons), more than tenfold.
From 2012 to 2023, the average annual rate of growth in terms of volume from the Netherlands was relatively modest.
In value terms, the Netherlands ($X) constituted the largest supplier of crude petroleum oil to Belgium, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value from the Netherlands stood at X%.
Import Prices by Country
In 2023, the average crude oil import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price saw a mild setback. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Algeria ($X per ton), while the price for the Netherlands stood at $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Algeria (X%).
Frequently Asked Questions (FAQ) :
The countries with the highest volumes of consumption in 2024 were the United States, China and Russia, together comprising 47% of global consumption.
The countries with the highest volumes of production in 2024 were the United States, Russia and Saudi Arabia, together comprising 41% of global production.
In value terms, the Netherlands constituted the largest supplier of crude petroleum oil to Belgium, comprising 94% of total imports. The second position in the ranking was taken by Algeria, with a 4.5% share of total imports.
In value terms, the Netherlands also remains the key foreign market for crude petroleum oil exports from Belgium.
In 2023, the average crude oil export price amounted to $657 per ton, which is down by -12.5% against the previous year. Over the period under review, the export price showed a perceptible downturn. The growth pace was the most rapid in 2021 when the average export price increased by 53%. The export price peaked at $931 per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.
The average crude oil import price stood at $678 per ton in 2023, waning by -7.7% against the previous year. Over the period under review, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2021 an increase of 64%. Over the period under review, average import prices hit record highs at $822 per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.
This report provides a comprehensive view of the crude oil industry in Belgium, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the crude oil landscape in Belgium.
Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for Belgium. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverage
Crude Petroleum Oil
Country coverage
Belgium
Country profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Belgium. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links crude oil demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Belgium.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of crude oil dynamics in Belgium.
FAQ
What is included in the crude oil market in Belgium?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for Belgium.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2012–2025
Imports, In Value Terms, By Country, 2012–2025
Import Prices, By Country, 2012–2025
Exports, In Physical Terms, By Country, 2012–2025
Exports, In Value Terms, By Country, 2012–2025
Export Prices, By Country, 2012–2025
LIST OF FIGURES
Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
Market Volume Forecast to 2035
Market Value Forecast to 2035
Market Size and Growth, By Product
Average Per Capita Consumption, By Product
Exports and Growth, By Product
Export Prices and Growth, By Product
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: Historical Data (2012–2025) and Forecast (2026–2035)
Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Imports, In Physical Terms, By Country, 2025
Imports, In Physical Terms, By Country, 2012–2025
Imports, In Value Terms, By Country, 2012–2025
Import Prices, By Country, 2012–2025
Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
Exports, In Physical Terms, By Country, 2025
Exports, In Physical Terms, By Country, 2012–2025
Exports, In Value Terms, By Country, 2012–2025
Export Prices, By Country, 2012–2025
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