Benelux: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Benelux

In 2021, the Benelux aromatic hydrocarbons derivatives market decreased by -32.3% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption continues to indicate a mild curtailment. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted remarkably in the following year.

Aromatic Hydrocarbons Derivatives Production in Benelux

In value terms, aromatic hydrocarbons derivatives production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 25,464%. Over the period under review, production reached the peak level at $X in 2020, and then reduced sharply in the following year.

Aromatic Hydrocarbons Derivatives Exports

Exports in Benelux

After four years of growth, shipments abroad of halogenated derivatives of aromatic hydrocarbons decreased by less than 0.1% to X tons in 2021. In general, exports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2020 when exports increased by 84%. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, aromatic hydrocarbons derivatives exports skyrocketed to $X in 2021. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 184% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Belgium prevails in exports structure, reaching X tons, which was approx. 97% of total exports in 2021. The Netherlands (X tons) followed a long way behind the leaders.

Exports from Belgium increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, the Netherlands (+21.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +21.4% from 2012-2021. While the share of the Netherlands (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-2.4 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest aromatic hydrocarbons derivatives supplier in Benelux, comprising 89% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium totaled +5.8%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, growing by 16% against the previous year. Overall, the export price saw a measured increase. The pace of growth was the most pronounced in 2017 when the export price increased by 78% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%).

Aromatic Hydrocarbons Derivatives Imports

Imports in Benelux

For the third year in a row, Benelux recorded growth in purchases abroad of halogenated derivatives of aromatic hydrocarbons, which increased by 6.1% to X tons in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 146%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives imports expanded to $X in 2021. In general, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 237% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Belgium represented the largest importing country with an import of around X tons, which recorded 70% of total imports. It was distantly followed by the Netherlands (X tons), comprising a 30% share of total imports.

Belgium was also the fastest-growing in terms of the halogenated derivatives of aromatic hydrocarbons imports, with a CAGR of +3.3% from 2012 to 2021. The Netherlands (-3.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium increased by +14 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported halogenated derivatives of aromatic hydrocarbons in Benelux, comprising 76% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total imports.

In Belgium, aromatic hydrocarbons derivatives imports expanded at an average annual rate of +8.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, recorded noticeable growth. The pace of growth was the most pronounced in 2016 an increase of 49% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.6%).

Source: IndexBox Platform