Global Biodiesel Market 2023

Biodiesel Market Size

The global biodiesel market rose remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the global market reached the maximum level in 2022 and is expected to retain growth in years to come.

Biodiesel Production

In value terms, biodiesel production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, global production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Biodiesel Exports

Exports

Global biodiesel exports rose sharply to X tons in 2022, increasing by X% compared with the previous year's figure. Overall, exports showed prominent growth. The growth pace was the most rapid in 2016 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, biodiesel exports surged to $X in 2022. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Belgium (X tons), Germany (X tons), Spain (X tons), China (X tons) and Argentina (X tons) were the major exporters of biodiesel, together achieving X% of total exports. The following exporters - the United States (X tons), Bulgaria (X tons), Italy (X tons), France (X tons), Indonesia (X tons), the UK (X tons) and Malaysia (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest biodiesel supplying countries worldwide were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined X% share of global exports. Spain, China, Argentina, the United States, Italy, Bulgaria, France, the UK, Malaysia and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average biodiesel export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other global leaders experienced more modest paces of growth.

Biodiesel Imports

Imports

In 2022, approx. X tons of biodiesel were imported worldwide; increasing by X% against 2021 figures. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, biodiesel imports skyrocketed to $X in 2022. Overall, imports saw a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) represented the largest importers of biodieselin the world, together making up X% of total imports. France (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Germany (X%), Spain (X%), the UK (X%) and Italy (X%). The United States (X tons), Canada (X tons), Bulgaria (X tons), Poland (X tons), Sweden (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of global imports. Germany, Spain, Italy, the UK, the United States, Canada, Bulgaria, Poland, Sweden and China lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average biodiesel import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price enjoyed a notable expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Sweden ($X per ton) and Canada ($X per ton), while China ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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