Belgium: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Belgium

In 2021, the Belgian unsaturated acyclic hydrocarbons market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in Belgium

In value terms, unsaturated acyclic hydrocarbons production soared to $X in 2021 estimated in export price. Overall, production showed a abrupt decrease. Unsaturated acyclic hydrocarbons production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Belgium

In 2021, after three years of growth, there was significant decline in shipments abroad of unsaturated acyclic hydrocarbons, when their volume decreased by -14% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 214%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, unsaturated acyclic hydrocarbons exports rose rapidly to $X in 2021. In general, exports saw a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 182%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Spain (X tons) were the main destinations of unsaturated acyclic hydrocarbons exports from Belgium, with a combined 64% share of total exports. South Korea, the UK, Russia, Austria, France, Egypt, Italy, Hungary and the United States lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +213.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unsaturated acyclic hydrocarbons exported from Belgium were the Netherlands ($X), Germany ($X) and Spain ($X), with a combined 65% share of total exports. These countries were followed by South Korea, the UK, Russia, Austria, France, Egypt, Italy, Hungary and the United States, which together accounted for a further 28%.

Egypt, with a CAGR of +203.1%, saw the highest rates of growth with regard to 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

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, surging by 29% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.5%), while the prices for the other major destinations experienced a decline.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Belgium

In 2021, overseas purchases of unsaturated acyclic hydrocarbons increased by 5.7% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, imports continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 104% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 85%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Qatar (X tons) and South Africa (X tons) were the main suppliers of unsaturated acyclic hydrocarbons imports to Belgium, together comprising 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +8.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Qatar ($X) and South Africa ($X) appeared to be the largest unsaturated acyclic hydrocarbons suppliers to Belgium, together accounting for 92% of total imports.

Among the main suppliers, the United States, with a CAGR of +6.8%, recorded the highest growth rate of 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

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, increasing by 16% against the previous year. In general, the import price, however, saw a mild decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Canada ($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 (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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