Belgium: Biodiesel Market 2024

Biodiesel Market Size in Belgium

The Belgian biodiesel market skyrocketed to $X in 2021, rising by 140% against the previous year. Overall, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Biodiesel Production in Belgium

In value terms, biodiesel production rose remarkably to $X in 2021 estimated in export price. Overall, production faced a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 25%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Biodiesel Exports

Exports from Belgium

In 2021, overseas shipments of biodiesel decreased by -15.8% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 194% against the previous year. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, biodiesel exports soared to $X in 2021. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 159% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of biodiesel exports from Belgium, together accounting for 85% of total exports. These countries were followed by Spain, Croatia, Italy and the UK, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +790.1%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for biodiesel exports from Belgium, comprising 49% of total exports. The second position in the ranking was taken by France ($X), with a 22% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +40.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+23.8% per year) and Germany (+20.6% per year).

Export Prices by Country

The average biodiesel export price stood at $X per ton in 2021, surging by 66% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Biodiesel Imports

Imports into Belgium

In 2021, supplies from abroad of biodiesel increased by 2.1% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 131% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, biodiesel imports soared to $X in 2021. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 147% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of biodiesel to Belgium, with a 60% share of total imports. Moreover, biodiesel imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. France (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.2% per year) and France (+68.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of biodiesel to Belgium, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by France, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.8% per year) and France (+67.4% per year).

Import Prices by Country

In 2021, the average biodiesel import price amounted to $X per ton, picking up by 56% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, biodiesel import price increased by +66.4% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and China ($X per ton), while the price for Argentina ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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