Benelux: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Benelux

The Benelux cyclic hydrocarbons market expanded modestly to $X in 2021, surging by 2.4% against the previous year. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Benelux

In value terms, cyclic hydrocarbons production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 3,248% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports in Benelux

In 2021, cyclic hydrocarbons exports in Benelux reached X tons, growing by 4.5% compared with the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 135% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports surged to $X in 2021. Overall, exports enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

Belgium represented the main exporting country with an export of around X tons, which resulted at 73% of total exports. It was distantly followed by the Netherlands (X tons), achieving a 27% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of other cyclic hydrocarbons. At the same time, the Netherlands (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +1.5% from 2012-2021. While the share of the Netherlands (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-2.5 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest cyclic hydrocarbons supplier in Benelux, comprising 77% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium totaled +2.2%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, surging by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 when the export price increased by 34% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 (+2.1%).

Cyclic Hydrocarbons Imports

Imports in Benelux

In 2021, overseas purchases of other cyclic hydrocarbons decreased by -19.3% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 121% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports surged to $X in 2021. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 86%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands represented the main importer of other cyclic hydrocarbons in Benelux, with the volume of imports recording X tons, which was near 83% of total imports in 2021. It was distantly followed by Belgium (X tons), generating a 17% share of total imports.

The Netherlands was also the fastest-growing in terms of the other cyclic hydrocarbons imports, with a CAGR of +14.6% from 2012 to 2021. At the same time, Belgium (+2.5%) displayed positive paces of growth. From 2012 to 2021, the share of the Netherlands increased by +19 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported other cyclic hydrocarbons in Benelux, comprising 70% of total imports. The second position in the ranking was taken by Belgium ($X), with a 30% share of total imports.

In the Netherlands, cyclic hydrocarbons imports expanded at an average annual rate of +8.7% over the period from 2012-2021.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, rising by 66% against the previous year. In general, the import price, however, recorded a pronounced setback. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.7%).

Source: IndexBox Platform