Belgium: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Belgium

The Belgian acyclic hydrocarbons derivatives market soared to $X in 2021, with an increase of 116% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Acyclic Hydrocarbons Derivatives Production in Belgium

In value terms, acyclic hydrocarbons derivatives production surged to $X in 2021 estimated in export price. Over the period under review, production saw a strong expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 690%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Belgium

In 2021, shipments abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons decreased by -8.8% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2019 with an increase of 63% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives exports expanded sharply to $X in 2021. Over the period under review, exports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 94%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and the Czech Republic (X tons) were the main destinations of acyclic hydrocarbons derivatives exports from Belgium, together comprising 43% of total exports. France, the Netherlands, Spain, Japan, Saudi Arabia, the UK, Switzerland, India, South Korea and Italy lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +76.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons derivatives exported from Belgium were France ($X), Germany ($X) and the Czech Republic ($X), with a combined 55% share of total exports. These countries were followed by the United States, the Netherlands, Spain, Japan, the UK, Switzerland, Saudi Arabia, Italy, India and South Korea, which together accounted for a further 36%.

Japan, with a CAGR of +63.4%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average acyclic hydrocarbons derivatives export price amounted to $X per ton, increasing by 21% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acyclic hydrocarbons derivatives export price decreased by -10.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 32%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Saudi Arabia ($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 Switzerland (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Belgium

Acyclic hydrocarbons derivatives imports into Belgium fell to X tons in 2021, dropping by -8.8% compared with the previous year's figure. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 when imports increased by 180% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives imports soared to $X in 2021. Overall, imports, however, showed a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of 128% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), China (X tons) and Germany (X tons) were the main suppliers of acyclic hydrocarbons derivatives imports to Belgium, together comprising 78% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) constituted the largest acyclic hydrocarbons derivatives suppliers to Belgium, with a combined 83% share of total imports.

In terms of the main suppliers, China, with a CAGR of +13.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average acyclic hydrocarbons derivatives import price amounted to $X per ton, jumping by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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