Belgium: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Belgium

In 2022, after two years of growth, there was significant decline in the Belgian polyphenols and phenol-alcohols market, when its value decreased by -14.8% to $X. Over the period under review, consumption recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Polyphenols And Phenol-Alcohols Production in Belgium

In value terms, polyphenols and phenol-alcohols production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 151%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Belgium

In 2022, polyphenols and phenol-alcohols exports from Belgium reduced remarkably to X tons, waning by -49.4% compared with the previous year. In general, exports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 140%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports reduced markedly to $X in 2022. Overall, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 119%. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of polyphenols and phenol-alcohols exports from Belgium, with a combined 65% share of total exports. Slovakia, the Netherlands, the Czech Republic, Togo, France, Spain, Cameroon, Norway, Cote d'Ivoire and Senegal lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +131.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Democratic Republic of the Congo ($X) were the largest markets for polyphenols and phenol-alcohols exported from Belgium worldwide, with a combined 64% share of total exports. Slovakia, Togo, Cameroon, France, the Czech Republic, Spain, Senegal, the Netherlands, Norway and Cote d'Ivoire lagged somewhat behind, together comprising a further 26%.

Senegal, with a CAGR of +120.1%, recorded the highest growth rate of the value of exports, among 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 polyphenols and phenol-alcohols export price stood at $X per ton in 2022, surging by 15% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols export price increased by +31.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 41%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while the average price for exports to the Netherlands ($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 Democratic Republic of the Congo (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into Belgium

In 2022, purchases abroad of polyphenols and phenol-alcohols decreased by -38.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 69%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports contracted dramatically to $X in 2022. Overall, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 109%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Japan (X tons) and India (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Belgium, with a combined 88% share of total imports. France, Italy, Latvia and the United States lagged somewhat behind, together accounting for a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +12.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyphenols and phenol-alcohols suppliers to Belgium were Germany ($X), Japan ($X) and India ($X), together accounting for 83% of total imports. Italy, France, the United States and Latvia lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, Italy, with a CAGR of +15.1%, saw 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 polyphenols and phenol-alcohols import price stood at $X per ton in 2022, growing by 36% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 36%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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