EU: Biodiesel Market 2024

Biodiesel Market Size in the EU

After two years of growth, the EU biodiesel market decreased by X% to $X in 2023. The total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then shrank significantly in the following year.

Biodiesel Production in the EU

In value terms, biodiesel production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

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Biodiesel Exports

Exports in the EU

After seven years of growth, overseas shipments of biodiesel decreased by X% to X tons in 2023. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then reduced in the following year.

In value terms, biodiesel exports declined remarkably to $X in 2023. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then shrank rapidly in the following year.

Exports by Country

The Netherlands represented the key exporter of biodiesel in the European Union, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Belgium (X tons) held the second position in the ranking, followed by Germany (X tons) and Spain (X tons). All these countries together held approx. X% share of total exports. The following exporters - Italy (X tons), Bulgaria (X tons) and France (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest biodiesel supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined X% share of total exports. Spain, Italy, Bulgaria and France lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then contracted sharply in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Italy ($X per ton) and Spain ($X per ton), while France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Biodiesel Imports

Imports in the EU

In 2023, purchases abroad of biodiesel decreased by X% to X tons for the first time since 2013, thus ending a nine-year rising trend. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell significantly in the following year.

In value terms, biodiesel imports dropped significantly to $X in 2023. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell significantly in the following year.

Imports by Country

In 2023, the Netherlands (X tons) and Belgium (X tons) were the key importers of biodiesel in the European Union, together mixing up X% of total imports. France (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Germany (X%), Spain (X%) and Italy (X%). The following importers - Poland (X tons) and Sweden (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and France ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Belgium, with a CAGR of X%, 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

In 2023, the import price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, biodiesel import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then dropped sharply in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Italy ($X per ton) and France ($X per ton), while Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform