Belgium: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Belgium

The Belgian industrial monocarboxylic fatty acids market expanded notably to $X in 2021, picking up by 6.6% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Belgium

In value terms, industrial monocarboxylic fatty acids production soared to $X in 2021 estimated in export price. Overall, production, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 2,662%. Industrial monocarboxylic fatty acids production peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Belgium

Industrial monocarboxylic fatty acids exports from Belgium reduced modestly to X tons in 2021, almost unchanged from the previous year. Overall, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2021. Over the period under review, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Belgium, together comprising 62% of total exports. Spain, the UK, Italy and Poland lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +5.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the largest markets for industrial monocarboxylic fatty acids exported from Belgium worldwide, with a combined 61% share of total exports.

The Netherlands, with a CAGR of +8.3%, saw 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 industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, picking up by 37% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Spain ($X per ton), while the average price for exports to France ($X per ton) and Poland ($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 the Netherlands (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Belgium

In 2021, industrial monocarboxylic fatty acids imports into Belgium soared to X tons, picking up by 20% against 2020. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of industrial monocarboxylic fatty acids imports to Belgium, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +241.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial monocarboxylic fatty acids suppliers to Belgium were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 81% share of total imports.

Italy, with a CAGR of +225.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, rising by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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