Netherlands: Benzene Market 2024

Benzene Market Size in the Netherlands

The Dutch benzene market dropped notably to $X in 2022, reducing by -41.3% against the previous year. In general, consumption showed a slight setback. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Benzene Production in the Netherlands

In value terms, benzene production contracted to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 25% against the previous year. Benzene production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Benzene Exports

Exports from the Netherlands

In 2022, overseas shipments of benzene increased by 33% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 36%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, benzene exports soared to $X in 2022. Overall, exports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 85%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for benzene exports from the Netherlands, accounting for a 66% share of total exports. Moreover, benzene exports to Belgium exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.9% per year) and the UK (-0.7% per year).

In value terms, Belgium ($X) remains the key foreign market for benzene exports from the Netherlands, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by the UK, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.2% per year) and the UK (+3.8% per year).

Export Prices by Country

In 2022, the average benzene export price amounted to $X per ton, picking up by 3.6% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Portugal ($X per ton), while the average price for exports to France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Benzene Imports

Imports into the Netherlands

In 2022, approx. X tons of benzene were imported into the Netherlands; with a decrease of -28.7% on the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 80%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, benzene imports fell significantly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 160% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and the UK (X tons) were the main suppliers of benzene imports to the Netherlands, with a combined 78% share of total imports. India, Spain, Oman, the United States and Saudi Arabia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest benzene suppliers to the Netherlands were Germany ($X), Belgium ($X) and India ($X), with a combined 80% share of total imports. The UK, Oman, Spain, the United States and Saudi Arabia lagged somewhat behind, together accounting for a further 16%.

Oman, with a CAGR of +25.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average benzene import price amounted to $X per ton, picking up by 17% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Oman ($X per ton), while the price for the UK ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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