Belgium: Market for Phenols And Other Oils And Oil Products 2024

Market Size for Phenols And Other Oils And Oil Products in Belgium

The Belgian market for phenols and other oils and oil products shrank markedly to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a abrupt curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Phenols And Other Oils And Oil Products in Belgium

In value terms, production of phenols and other oils and oil products skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production of attained the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Phenols And Other Oils And Oil Products

Exports from Belgium

In 2022, exports of phenols and other oils and oil products from Belgium skyrocketed to X tons, growing by X% on 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of phenols and other oils and oil products surged to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for exports of phenols and other oils and oil products from Belgium, accounting for a X% share of total exports. Moreover, exports of phenols and other oils and oil products to the Netherlands exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. The third position in this ranking was held by Gibraltar (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Gibraltar (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for phenols and other oils and oil products exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Gibraltar ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gibraltar (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the average export price for phenols and other oils and oil products amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the Netherlands ($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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Phenols And Other Oils And Oil Products

Imports into Belgium

In 2022, after five years of growth, there was significant decline in supplies from abroad of phenols and other oils and oil products, when their volume decreased by X% to X tons. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, imports of phenols and other oils and oil products skyrocketed to $X in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), the UK (X tons) and France (X tons) were the main suppliers of imports of phenols and other oils and oil products to Belgium, with a combined X% share of total imports. Poland, Russia, Norway and Finland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and France ($X) appeared to be the largest phenols and other oils and oil products suppliers to Belgium, with a combined X% share of total imports. Poland, Norway, Russia and Finland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for phenols and other oils and oil products amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 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 Norway ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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