Belgium: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Belgium

In 2021, the Belgian market for oleic, linoleic or linolenic acids, their salts and esters increased by 44% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Belgium

In value terms, oleic, linoleic or linolenic acids production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 170%. Oleic, linoleic or linolenic acids production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Belgium

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were exported from Belgium; increasing by 29% against 2020. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 50%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 oleic, linoleic or linolenic acids exports from Belgium, together comprising 67% of total exports. Spain, Italy, the United States, Bulgaria, the UK and Sweden lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +112.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oleic, linoleic or linolenic acids exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), with a combined 69% share of total exports. Spain, Italy, the United States, Bulgaria, the UK and Sweden lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Bulgaria, with a CAGR of +96.9%, 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

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, with an increase of 35% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden ($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 (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Belgium

In 2021, supplies from abroad of oleic, linoleic or linolenic acids, their salts and esters increased by 54% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a resilient expansion. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. Over the period under review, imports enjoyed a noticeable expansion. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of oleic, linoleic or linolenic acids to Belgium, with a 71% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.1% per year) and Italy (-0.4% per year).

In value terms, France ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Belgium, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 27% share of total imports. It was followed by Italy, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.4% per year) and Italy (+1.1% per year).

Import Prices by Country

The average import price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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