Report Belgium - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2026

Belgium - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends and Insights

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Belgium: Crude Oil Market 2026

Crude Oil Market Size in Belgium

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.

Quick navigation

Key findings

  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2025
    2. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    3. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
    4. Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
    5. Imports, In Physical Terms, By Country, 2012–2025
    6. Imports, In Value Terms, By Country, 2012–2025
    7. Import Prices, By Country, 2012–2025
    8. Exports, In Physical Terms, By Country, 2012–2025
    9. Exports, In Value Terms, By Country, 2012–2025
    10. Export Prices, By Country, 2012–2025
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    2. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    7. Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    22. Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    24. Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    25. Imports, In Physical Terms, By Country, 2025
    26. Imports, In Physical Terms, By Country, 2012–2025
    27. Imports, In Value Terms, By Country, 2012–2025
    28. Import Prices, By Country, 2012–2025
    29. Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    30. Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    31. Exports, In Physical Terms, By Country, 2025
    32. Exports, In Physical Terms, By Country, 2012–2025
    33. Exports, In Value Terms, By Country, 2012–2025
    34. Export Prices, By Country, 2012–2025
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Top 30 market participants headquartered in Belgium
Crude Petroleum Oil · Belgium scope

Companies list is being prepared. Please check back soon.

Dashboard for Crude Petroleum Oil (Belgium)
Demo data

Charts mirror the report figures on the platform. Values are synthetic for demo use.

Market Volume
Demo
Market Volume, in Physical Terms: Historical Data (2013-2025) and Forecast (2026-2036)
Market Value
Demo
Market Value: Historical Data (2013-2025) and Forecast (2026-2036)
Consumption by Country
Demo
Consumption, by Country, 2025
Top consuming countries Share, %
Market Volume Forecast
Demo
Market Volume Forecast to 2036
Market Value Forecast
Demo
Market Value Forecast to 2036
Market Size and Growth
Demo
Market Size and Growth, by Product
Segment Growth, %
Per Capita Consumption
Demo
Per Capita Consumption, by Product
Segment Kg per capita
Per Capita Consumption Trend
Demo
Per Capita Consumption, 2013-2025
Production Volume
Demo
Production, in Physical Terms, 2013-2025
Production Value
Demo
Production Value, 2013-2025
Production by Country
Demo
Production, by Country, 2025
Top producing countries Share, %
Export Price
Demo
Export Price, 2013-2025
Import Price
Demo
Import Price, 2013-2025
Export Price by Country
Demo
Export Price, by Country, 2025
Top export price USD per ton
Import Price by Country
Demo
Import Price, by Country, 2025
Top import price USD per ton
Price Spread
Demo
Export-Import Price Spread, 2013-2025
Average Price
Demo
Average Export Price, 2013-2025
Import Volume
Demo
Import Volume, 2013-2025
Import Value
Demo
Import Value, 2013-2025
Imports by Country
Demo
Imports, by Country, 2025
Top importing countries Share, %
Import Price by Country
Demo
Import Price, by Country, 2025
Top import price USD per ton
Export Volume
Demo
Export Volume, 2013-2025
Export Value
Demo
Export Value, 2013-2025
Exports by Country
Demo
Exports, by Country, 2025
Top exporting countries Share, %
Export Price by Country
Demo
Export Price, by Country, 2025
Top export price USD per ton
Export Growth by Product
Demo
Export Growth, by Product, 2025
Segment Growth, %
Export Price Growth by Product
Demo
Export Price Growth, by Product, 2025
Segment Growth, %
Crude Petroleum Oil - Belgium - Supplying Countries
Leader in Production
India
Within 50 Countries
Leader in Exports
Ecuador
Within TOP 50 Producing Countries
Leader in Prices
Malawi
Within TOP 50 Exporting Countries
Belgium - Top Producing Countries
Demo
Production Volume vs CAGR of Production Volume
Belgium - Top Exporting Countries
Demo
Export Volume vs CAGR of Exports
Belgium - Low-cost Exporting Countries
Demo
Export Price vs CAGR of Export Prices
Crude Petroleum Oil - Belgium - Overseas Markets
Largest Importer
United States
Within TOP 50 Importing Countries
Fastest Import Growth
Vietnam
CAGR 2017-2025
Highest Import Price
Japan
USD per ton, 2025
Largest Market Value
Germany
2025
Belgium - Top Importing Countries
Demo
Import Volume vs CAGR of Imports
Belgium - Largest Consumption Markets
Demo
Consumption Volume vs CAGR of Consumption
Belgium - Fastest Import Growth
Demo
Import Growth Leaders, 2025
Belgium - Highest Import Prices
Demo
Import Prices Leaders, 2025
Crude Petroleum Oil - Belgium - Products for Diversification
Top Diversification Option
Segment A
High synergy with core demand
Fastest Growth
Segment B
CAGR 2017-2025
Highest Margin
Segment C
Premium pricing tier
Lowest Volatility
Segment D
Stable demand trend
Products with the Highest Export Growth
Demo
Export Growth by Product, 2025
Products with Rising Prices
Demo
Price Growth by Product, 2025
Products with High Import Dependence
Demo
Import Dependence Index, 2025
Diversification Shortlist
Demo
Product Rationale
Macroeconomic indicators influencing the Crude Petroleum Oil market (Belgium)
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