Belgium: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Belgium

In 2020, the Belgian acyclic hydrocarbons market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Production in Belgium

In value terms, acyclic hydrocarbons production contracted significantly to $X in 2020 estimated in export prices. Over the period under review, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Acyclic Hydrocarbons Exports

Exports from Belgium

In 2020, exports of acyclic hydrocarbons from Belgium soared to X tons, increasing by X% on the previous year's figure. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons exports surged to $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

The Netherlands (X tons) was the main destination for acyclic hydrocarbons exports from Belgium, with a X% share of total exports. Moreover, acyclic hydrocarbons exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), twofold. France (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and France (+X% per year).

In value terms, the Netherlands ($X), Germany ($X) and France ($X) were the largest markets for acyclic hydrocarbons exported from Belgium worldwide, together accounting for X% of total exports. These countries were followed by Saudi Arabia, Spain, South Korea, the UK, Sweden, China, Italy and Finland, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acyclic hydrocarbons export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Belgium

After two years of decline, purchases abroad of acyclic hydrocarbons increased by X% to X tons in 2020. Overall, imports, however, saw a mild slump. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, acyclic hydrocarbons imports expanded remarkably to $X in 2020. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of acyclic hydrocarbons imports to Belgium, with a combined X% share of total imports. These countries were followed by Norway, the U.S., Sweden and India, which together accounted for a further X 2007 to 2020, the biggest increases were in Sweden, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acyclic hydrocarbons suppliers to Belgium were the Netherlands ($X), Germany ($X) and the UK ($X), together accounting for X% of total imports. The U.S., Norway, Sweden and India lagged somewhat behind, together comprising a further X the main suppliers, Sweden saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average acyclic hydrocarbons import price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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