Belgium: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Belgium

The Belgian tall oil fatty acids market soared to $X in 2021, jumping by 35% against the previous year. In general, consumption, however, saw a slight setback. Tall oil fatty acids consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Tall Oil Fatty Acids in Belgium

In value terms, tall oil fatty acids production stood at $X in 2021 estimated in export price. In general, production faced a sharp contraction. The most prominent rate of growth was recorded in 2013 with a decrease of -24.3%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from Belgium

In 2021, after two years of decline, there was significant growth in overseas shipments of industrial tall oil fatty acids, when their volume increased by 37% to X tons. Overall, exports, however, faced a sharp descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, tall oil fatty acids exports soared to $X in 2021. Over the period under review, exports, however, saw a precipitous decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for tall oil fatty acids exports from Belgium, accounting for a 53% share of total exports. Moreover, tall oil fatty acids exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by South Africa (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.7% per year) and South Africa (+19.4% per year).

In value terms, the Netherlands ($X), South Africa ($X) and Germany ($X) constituted the largest markets for tall oil fatty acids exported from Belgium worldwide, together accounting for 69% of total exports. Brazil, France, the UK, Russia and Saudi Arabia lagged somewhat behind, together comprising a further 21%.

Brazil, with a CAGR of +102.1%, recorded 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 mixed trend patterns.

Export Prices by Country

The average tall oil fatty acids export price stood at $X per ton in 2021, picking up by 39% against the previous year. Overall, the export price, however, saw a perceptible downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Netherlands ($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 China (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into Belgium

Tall oil fatty acids imports into Belgium fell to X tons in 2021, declining by -7.2% compared with 2020 figures. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tall oil fatty acids imports rose sharply to $X in 2021. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest tall oil fatty acids supplier to Belgium, accounting for a 55% share of total imports. Moreover, tall oil fatty acids imports from Sweden exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-12.8% per year) and the Netherlands (-20.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of industrial tall oil fatty acids to Belgium, comprising 50% of total imports. The second position in the ranking was held by Finland ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 19% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-9.8% per year) and the Netherlands (-19.6% per year).

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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