Belgium: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Belgium

After four years of growth, the Belgian aromatic hydrocarbon mixtures market decreased by -33.6% to $X in 2022. Overall, consumption, however, posted a significant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then declined rapidly in the following year.

Aromatic Hydrocarbon Mixtures Production in Belgium

In value terms, aromatic hydrocarbon mixtures production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 704% against the previous year. Aromatic hydrocarbon mixtures production peaked in 2022 and is likely to see gradual growth in the immediate term.

Aromatic Hydrocarbon Mixtures Exports

Exports from Belgium

After two years of growth, overseas shipments of naphthalene and other aromatic hydrocarbon mixtures decreased by -57.3% to X tons in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 123% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports declined significantly to $X in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 121%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Belgium, accounting for a 56% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.5% per year) and the United States (+8.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Belgium, comprising 50% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.6% per year) and France (+3.2% per year).

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, picking up by 53% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($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 France (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Hydrocarbon Mixtures Imports

Imports into Belgium

In 2022, after three years of growth, there was significant decline in purchases abroad of naphthalene and other aromatic hydrocarbon mixtures, when their volume decreased by -54.1% to X tons. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 109% against the previous year. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, aromatic hydrocarbon mixtures imports contracted notably to $X in 2022. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest aromatic hydrocarbon mixtures supplier to Belgium, with a 34% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.5% per year) and Germany (+1.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Belgium, comprising 38% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+37.2% per year) and Germany (-1.5% per year).

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, surging by 35% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 an increase of 53% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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