Belgium: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Belgium

In 2021, the Belgian market for lauric acid and other acids, their salts and esters decreased by -12% to $X, falling for the third year in a row after three years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Belgium

In value terms, production of lauric acid and other acids, their salts and esters contracted remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a mild decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 74%. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Belgium

In 2021, overseas shipments of lauric acid and other acids, their salts and esters increased by 20% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded moderate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 202%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. In general, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2020 when exports increased by 133% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Germany (X tons) were the main destinations of exports of lauric acid and other acids, their salts and esters from Belgium, with a combined 58% share of total exports. France, Spain, China, Italy, the UK, Russia, Switzerland and India lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lauric acid and other acids, their salts and esters exported from Belgium were the Netherlands ($X), Germany ($X) and the United States ($X), with a combined 53% share of total exports. Spain, France, China, Russia, Italy, the UK, Switzerland and India lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, China, with a CAGR of +32.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, growing by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to the United States ($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 the Netherlands (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Belgium

In 2021, approx. X tons of lauric acid and other acids, their salts and esters were imported into Belgium; increasing by 7.6% against the previous year's figure. Over the period under review, imports saw a notable increase. The growth pace was the most rapid in 2020 with an increase of 64%. Over the period under review, imports of attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. In general, imports recorded noticeable growth. The growth pace was the most rapid in 2018 when imports increased by 44%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Belgium, with a combined 72% share of total imports. The UK, the United States, Malaysia and France lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +58.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lauric acid and other acids, their salts and esters suppliers to Belgium were Germany ($X), the Netherlands ($X) and the UK ($X), together comprising 63% of total imports.

Among the main suppliers, the UK, with a CAGR of +59.5%, recorded 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

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, with an increase of 8.3% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 19%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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