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Belgium - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
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Belgium: Monocarboxylic Acid Market Overview 2021

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Monocarboxylic Acid Market Size in Belgium

The Belgian monocarboxylic acid market soared to $X in 2019, increasing by X% against the previous year. Over the period under review, consumption recorded buoyant growth. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in the near future.

Monocarboxylic Acid Production in Belgium

In value terms, monocarboxylic acid production fell to $X in 2019 estimated in export prices. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. Monocarboxylic acid production peaked at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

Monocarboxylic Acid Exports

Exports from Belgium

After three years of growth, overseas shipments of saturated acyclic monocarboxylic acids decreased by -X% to X tonnes in 2019. In general, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2018, and then contracted markedly in the following year.

In value terms, monocarboxylic acid exports shrank markedly to $X in 2019. Overall, exports showed a noticeable curtailment. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2018, and then fell dramatically in the following year.

Exports by Country

Germany (X tonnes) was the main destination for monocarboxylic acid exports from Belgium, with a X% share of total exports. Moreover, monocarboxylic acid exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tonnes), threefold. France (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Germany amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and France (-X% per year).

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

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

Export Prices by Country

In 2019, the average monocarboxylic acid export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2019, the highest prices were recorded for prices to the UK ($X per tonne) and France ($X per tonne), while the average price for exports to Poland ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Monocarboxylic Acid Imports

Imports into Belgium

Monocarboxylic acid imports into Belgium fell to X tonnes in 2019, shrinking by -X% compared with 2018. Over the period under review, total imports indicated a temperate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes, and then shrank modestly in the following year.

In value terms, monocarboxylic acid imports fell to $X in 2019. In general, total imports indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The U.S. (X tonnes), the UK (X tonnes) and Saudi Arabia (X tonnes) were the main suppliers of monocarboxylic acid imports to Belgium, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Saudi Arabia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest monocarboxylic acid suppliers to Belgium were the U.S. ($X), the UK ($X) and Germany ($X), together comprising X% of total imports. Saudi Arabia, Mexico, Singapore and China lagged somewhat behind, together accounting for a further X the main suppliers, Saudi Arabia recorded 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

The average monocarboxylic acid import price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the import price showed a slight slump. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for saturated acyclic monocarboxylic acids in the world?
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The countries with the highest volumes of monocarboxylic acid consumption in 2019 were China (4M tonnes), India (3.3M tonnes) and the U.S. (2.4M tonnes), with a combined 45% share of global consumption. These countries were followed by Belgium, Germany, Japan, Russia, Indonesia, Mexico, the UK, the Netherlands and Italy, which together accounted for a further 31%.
What are the largest producers of saturated acyclic monocarboxylic acids in the world?
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The countries with the highest volumes of monocarboxylic acid production in 2019 were China (5.7M tonnes), the U.S. (3.4M tonnes) and India (2.3M tonnes), with a combined 57% share of global production. These countries were followed by the UK, Germany, Saudi Arabia, Malaysia, Japan, Russia, Indonesia, Singapore, Taiwan (Chinese) and Iran, which together accounted for a further 32%.
What are the leading suppliers of saturated acyclic monocarboxylic acids to Belgium?
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In value terms, the largest monocarboxylic acid suppliers to Belgium were the U.S. ($422M), the UK ($215M) and Germany ($181M), together comprising 49% of total imports. Saudi Arabia, Mexico, Singapore and China lagged somewhat behind, together comprising a further 30%.
What are the leading importers of saturated acyclic monocarboxylic acids from Belgium?
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In value terms, Germany ($304M) remains the key foreign market for monocarboxylic acid exports from Belgium, comprising 38% of total exports. The second position in the ranking was occupied by the Netherlands ($110M), with a 14% share of total exports. It was followed by France, with a 9% share.
What is the average export price for saturated acyclic monocarboxylic acids in Belgium?
+
The average monocarboxylic acid export price stood at $1,113 per tonne in 2019, increasing by 3.7% against the previous year.
What is the average import price for saturated acyclic monocarboxylic acids in Belgium?
+
The average monocarboxylic acid import price stood at $798 per tonne in 2019, reducing by -6.9% against the previous year.

Product coverage:
• Prodcom 20143215 - Ethyl acetate
• Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
• Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
• Prodcom 20143230 -
• Prodcom 20143240 -
• Prodcom 20143250 - Formic acid, its salts and esters
• Prodcom 20143271 - Acetic acid
• Prodcom 20143277 - Acetic anhydride
• Prodcom 20143278 - Salts of acetic acid
• Prodcom 20143280 - Lauric acid and others, salts and esters

This report provides an in-depth analysis of the monocarboxylic acid 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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