Belgium: Tall Oil Market 2024

Tall Oil Market Size in Belgium

The Belgian tall oil market fell to $X in 2021, declining by -5.5% against the previous year. Over the period under review, consumption recorded a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Tall Oil Production in Belgium

In value terms, tall oil production declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 12% against the previous year. Tall oil production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Tall Oil Exports

Exports from Belgium

In 2021, exports of tall oil from Belgium skyrocketed to X tons, growing by 64% on the year before. Overall, exports, however, faced a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 69%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, tall oil exports surged to $X in 2021. Over the period under review, exports, however, showed a deep slump. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the UK (X tons) and France (X tons) were the main destinations of tall oil exports from Belgium, together accounting for 52% of total exports. These countries were followed by Poland, the Netherlands, Spain, Cote d'Ivoire, Gabon, Sweden, Italy, Switzerland, Nigeria and Austria, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) appeared to be the largest markets for tall oil exported from Belgium worldwide, together accounting for 48% of total exports. These countries were followed by Poland, the Netherlands, Spain, Sweden, Gabon, Cote d'Ivoire, Italy, Switzerland, Nigeria and Austria, which together accounted for a further 48%.

Among the main countries of destination, Italy, with a CAGR of +38.8%, recorded the highest rates of growth with regard to 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 tall oil export price amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tall oil export price increased by +14.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 51% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany ($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 Austria (+40.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tall Oil Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in supplies from abroad of tall oil, which increased by 20% to X tons in 2021. Overall, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2019 when imports increased by 41% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tall oil imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 73% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of tall oil imports to Belgium, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +42.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Finland ($X), the Netherlands ($X) and the United States ($X) appeared to be the largest tall oil suppliers to Belgium, together comprising 96% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +32.7%, 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 a decline.

Import Prices by Country

The average tall oil import price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2019 an increase of 23% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :