Benelux: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Benelux

In 2022, the Benelux petroleum bitumen market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Petroleum Bitumen Production in Benelux

In value terms, petroleum bitumen production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Petroleum Bitumen Exports

Exports in Benelux

In 2022, the amount of petroleum bitumen exported in Benelux expanded notably to X tons, growing by X% on 2021 figures. In general, exports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, petroleum bitumen exports soared to $X in 2022. Overall, exports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands was the key exporter of petroleum bitumen in Benelux, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the petroleum bitumen exports, with a CAGR of X% from 2012 to 2022. Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest petroleum bitumen supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at X%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Petroleum Bitumen Imports

Imports in Benelux

In 2022, approx. X tons of petroleum bitumen were imported in Benelux; with a decrease of X% against the previous year. In general, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, petroleum bitumen imports totaled $X in 2022. Overall, imports, however, enjoyed a mild increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) was the key importer of petroleum bitumen, achieving X% of total imports. It was distantly followed by the Netherlands (X tons), committing a X% share of total imports.

Belgium was also the fastest-growing in terms of the petroleum bitumen imports, with a CAGR of X% from 2012 to 2022. The Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by X percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported petroleum bitumen in Benelux, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

In Belgium, petroleum bitumen imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable descent. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :