Belgium: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Belgium

In 2021, the Belgian butene and isomers thereof market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value 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, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Butene (Butylene) And Isomers Thereof in Belgium

In value terms, butene and isomers thereof production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild setback. Butene and isomers thereof production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Butene (Butylene) And Isomers Thereof

Exports from Belgium

In 2021, shipments abroad of butene (butylene) and isomers thereof decreased by -7% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports recorded a perceptible contraction. The growth pace was the most rapid in 2016 with an increase of 7.9% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, butene and isomers thereof exports surged to $X in 2021. Overall, exports recorded a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for butene and isomers thereof exports from Belgium, with a 50% share of total exports. Moreover, butene and isomers thereof exports to Saudi Arabia exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-3.1% per year) and Finland (+1.3% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for butene (butylene) and isomers thereof exports from Belgium, comprising 50% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total exports. It was followed by Finland, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.0% per year) and Finland (-2.3% per year).

Export Prices by Country

The average butene and isomers thereof export price stood at $X per ton in 2021, with an increase of 35% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Finland ($X per ton) and Sweden ($X per ton), while the average price for exports to the UK ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Butene (Butylene) And Isomers Thereof

Imports into Belgium

In 2021, imports of butene (butylene) and isomers thereof into Belgium dropped to X tons, with a decrease of -1.8% compared with 2020 figures. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 434%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, butene and isomers thereof imports soared to $X in 2021. Over the period under review, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2020 when imports increased by 337%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of butene and isomers thereof to Belgium, accounting for a 75% share of total imports. Moreover, butene and isomers thereof imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.6% per year) and the United States (+175.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of butene (butylene) and isomers thereof to Belgium, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.1% per year) and the United States (+140.8% per year).

Import Prices by Country

In 2021, the average butene and isomers thereof import price amounted to $X per ton, surging by 43% against the previous year. Overall, the import price, however, recorded a perceptible slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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