Belgium - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetone Price in Belgium - 2023
Contents:
- Acetone Price in Belgium (FOB) - 2023
- Acetone Price in Belgium (CIF) - 2023
- Acetone Exports in Belgium
- Acetone Imports in Belgium
Acetone Price in Belgium (FOB) - 2023
In June 2023, the average acetone export price amounted to $984 per ton, dropping by -5.9% against the previous month. Overall, the export price saw a mild reduction. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 11% m-o-m. The export price peaked at $1,174 per ton in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the UK ($8,425 per ton), while the average price for exports to Germany ($887 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Acetone Price in Belgium (CIF) - 2023
In June 2023, the average acetone import price amounted to $992 per ton, which is down by -3.7% against the previous month. In general, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in December 2022 an increase of 30% against the previous month. The import price peaked at $1,278 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Finland ($1,082 per ton), while the price for Austria ($693 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Africa (+1.0%), while the prices for the other major suppliers experienced a decline.
Acetone Exports in Belgium
In 2022, acetone exports from Belgium declined notably to 158K tons, shrinking by -36.8% on the year before. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 22%.
In value terms, acetone exports reduced notably to $166M in 2022. Overall, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 56%. As a result, the exports attained the peak of $263M, and then declined significantly in the following year.
| Export of Acetone in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Netherlands | 51.7 | 51.8 | 98.2 | 37.8% | |
| United Kingdom | 28.8 | 41.7 | 49.1 | 30.6% | |
| Germany | 18.4 | 10.4 | 42.6 | 52.2% | |
| Switzerland | 0.2 | 7.8 | 15.4 | 777.5% | |
| Italy | 6.8 | 13.2 | 13.2 | 39.3% | |
| France | 2.7 | 14.8 | 13.2 | 121.1% | |
| Turkey | 6.4 | 5.3 | 10.1 | 25.6% | |
| China | 23.5 | 6.9 | 1.2 | -77.4% | |
| United States | 12.5 | N/A | N/A | 0% | |
| Others | 9.7 | 16.7 | 20.1 | 44.0% | |
| Total | 161 | 168 | 263 | 27.8% | |
Top Export Markets for Acetone from Belgium in 2022:
- United States (undefinedK tons)
- Netherlands (94.6K tons)
- United Kingdom (50.8K tons)
- Germany (43.4K tons)
- Switzerland (15.1K tons)
- Turkey (10.5K tons)
- France (10.2K tons)
- Italy (9.2K tons)
- China (1.2K tons)
Acetone Imports in Belgium
In 2022, imports of acetone into Belgium declined significantly to 47K tons, reducing by -27.4% against the previous year's figure. Overall, imports faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of less than 0.1%.
In value terms, acetone imports fell dramatically to $51M in 2022. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. As a result, imports attained the peak of $71M, and then reduced markedly in the following year.
| Import of Acetone in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Africa | 13.2 | 20.3 | 25.2 | 38.2% | |
| Netherlands | 3.8 | 6.9 | 17.3 | 113.4% | |
| South Korea | 0.8 | N/A | 11.2 | 274.2% | |
| Saudi Arabia | 8.4 | 8.7 | 7.3 | -6.8% | |
| Thailand | N/A | N/A | 2.4 | 0% | |
| Germany | 3.1 | 2.9 | 2.3 | -13.9% | |
| United States | N/A | 0.1 | 0.8 | 700.0% | |
| Others | 1.8 | 2.1 | 4.0 | 49.1% | |
| Total | 31.2 | 40.9 | 70.7 | 50.5% | |
Top Suppliers of Acetone to Belgium in 2022:
- South Africa (22.5K tons)
- Netherlands (15.7K tons)
- South Korea (10.4K tons)
- Saudi Arabia (7.6K tons)
- Thailand (3.5K tons)
- United States (1.5K tons)
- Germany (1.5K tons)
This report provides an in-depth analysis of the acetone market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146211 - Acetone
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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