Belgium: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Belgium

The Belgian saturated acyclic hydrocarbons market soared to $X in 2022, surging by 34% against the previous year. Over the period under review, consumption recorded prominent growth. Saturated acyclic hydrocarbons consumption peaked in 2022 and is expected to retain growth in the immediate term.

Saturated Acyclic Hydrocarbons Production in Belgium

In value terms, saturated acyclic hydrocarbons production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of 160% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Saturated Acyclic Hydrocarbons Exports

Exports from Belgium

In 2022, overseas shipments of saturated acyclic hydrocarbons decreased by -34.9% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2020 with an increase of 97%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons exports reduced to $X in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 109%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for saturated acyclic hydrocarbons exports from Belgium, with a 46% share of total exports. Moreover, saturated acyclic hydrocarbons exports to France exceeded the volume sent to the second major destination, the Netherlands (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 to France amounted to +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.3% per year) and Germany (+3.5% per year).

In value terms, France ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Belgium, comprising 38% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.9% per year) and the Netherlands (+5.1% per year).

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2022, picking up by 35% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Poland ($X per ton), while the average price for exports to Singapore ($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 Poland (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Saturated Acyclic Hydrocarbons Imports

Imports into Belgium

After six years of growth, supplies from abroad of saturated acyclic hydrocarbons decreased by -6.6% to X tons in 2022. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 143%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, saturated acyclic hydrocarbons imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), Norway (X tons) and Russia (X tons) were the main suppliers of saturated acyclic hydrocarbons imports to Belgium, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +84.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Belgium, comprising 64% of total imports. The second position in the ranking was held by Norway ($X), with an 18% share of total imports. It was followed by Russia, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+15.3% per year) and Russia (-16.5% per year).

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, growing by 37% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 63% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :