Benelux: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Benelux

For the third consecutive year, the Benelux polyphenols and phenol-alcohols market recorded growth in sales value, which increased by 5.7% to $X in 2022. Over the period under review, consumption continues to indicate a slight reduction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Production in Benelux

In value terms, polyphenols and phenol-alcohols production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,847% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports in Benelux

Polyphenols and phenol-alcohols exports plummeted to X tons in 2022, with a decrease of -50.3% compared with 2021 figures. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 100% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports fell dramatically to $X in 2022. In general, exports recorded a pronounced decline. The growth pace was the most rapid in 2020 when exports increased by 99%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Belgium was the main exporter of polyphenols and phenol-alcohols in Benelux, with the volume of exports finishing at X tons, which was near 77% of total exports in 2022. It was distantly followed by the Netherlands (X tons), mixing up a 23% share of total exports.

Belgium was also the fastest-growing in terms of the polyphenols and phenol-alcohols exports, with a CAGR of -4.2% from 2012 to 2022. The Netherlands (-10.6%) illustrated a downward trend over the same period. Belgium (+14 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -14.2% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest polyphenols and phenol-alcohols supplier in Benelux, comprising 72% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium was relatively modest.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, rising by 17% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols export price increased by +105.4% against 2016 indices. The growth pace was the most rapid in 2018 an increase of 39% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%).

Polyphenols And Phenol-Alcohols Imports

Imports in Benelux

After two years of growth, overseas purchases of polyphenols and phenol-alcohols decreased by -29.6% to X tons in 2022. Over the period under review, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of 45%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports dropped to $X in 2022. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) represented the largest importer of polyphenols and phenol-alcohols, achieving 72% of total imports. It was distantly followed by the Netherlands (X tons), committing a 28% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyphenols and phenol-alcohols imports into Belgium stood at -6.4%. The Netherlands experienced a relatively flat trend pattern. While the share of the Netherlands (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-12.4 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported polyphenols and phenol-alcohols in Benelux, comprising 67% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at -3.7%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, picking up by 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 when the import price increased by 27% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%).

Source: IndexBox Platform