Belgium: Ethanal Market 2024

Ethanal Market Size in Belgium

The Belgian ethanal market rose to $X in 2022, increasing by 4.2% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Ethanal Production in Belgium

In value terms, ethanal production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Ethanal Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of ethanal (acetaldehyde), when their volume decreased by -49.9% to X tons. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 91%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank markedly in the following year.

In value terms, ethanal exports shrank rapidly to $X in 2022. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 72%. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Italy (X tons) was the main destination for ethanal exports from Belgium, accounting for a 52% share of total exports. Moreover, ethanal exports to Italy exceeded the volume sent to the second major destination, Russia (X kg), fourfold. France (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-5.1% per year) and France (+9.4% per year).

In value terms, the largest markets for ethanal exported from Belgium were Italy ($X), the United States ($X) and France ($X), together comprising 62% of total exports.

Italy, with a CAGR of +49.8%, saw the highest growth rate of 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 ethanal export price stood at $X per ton in 2022, reducing by -7.2% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 61%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanal Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in overseas purchases of ethanal (acetaldehyde), when their volume decreased by -70.9% to X tons. In general, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2013 with an increase of 226% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ethanal imports contracted markedly to $X in 2022. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 98% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and the UK (X kg) were the main suppliers of ethanal imports to Belgium, together comprising 95% of total imports. The United States lagged somewhat behind, accounting for a further 5.2%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +14.3%), while purchases for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of ethanal (acetaldehyde) to Belgium, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from France stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.2% per year) and the United States (+4.5% per year).

Import Prices by Country

The average ethanal import price stood at $X per ton in 2022, jumping by 94% against the previous year. Over the period under review, the import price showed a significant increase. The pace of growth was the most pronounced in 2017 an increase of 297%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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