Benelux: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Benelux

In 2021, the Benelux industrial fatty alcohols market increased by 13% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.8% against 2019 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Industrial Fatty Alcohols Production in Benelux

In value terms, industrial fatty alcohols production fell modestly to $X in 2021 estimated in export price. Over the period under review, production posted resilient growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 156% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Industrial Fatty Alcohols Exports

Exports in Benelux

In 2021, shipments abroad of industrial fatty alcohols increased by 7.8% to X tons, rising for the seventh year in a row after two years of decline. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 41% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, industrial fatty alcohols exports skyrocketed to $X in 2021. Over the period under review, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands prevails in exports structure, finishing at X tons, which was approx. 96% of total exports in 2021. Belgium (X tons) held a little share of total exports.

The Netherlands was also the fastest-growing in terms of the industrial fatty alcohols exports, with a CAGR of +12.3% from 2012 to 2021. Belgium experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Netherlands increased by +7.1 percentage points.

In value terms, the Netherlands ($X) remains the largest industrial fatty alcohols supplier in Benelux, comprising 96% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands amounted to +12.3%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, jumping by 36% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+0.1%).

Industrial Fatty Alcohols Imports

Imports in Benelux

In 2021, overseas purchases of industrial fatty alcohols decreased by -9.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, industrial fatty alcohols imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 35%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the largest importing country with an import of around X tons, which reached 64% of total imports. It was distantly followed by Belgium (X tons), comprising a 36% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +6.7%).

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021.

Among the main importing countries, the Netherlands, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, surging by 37% against the previous year. Overall, the import price, however, saw a slight downturn. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.8%).

Source: IndexBox Platform