Belgium - Phenols And Other Oils And Oil Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Phenols and Other Oils and Oil Products in Belgium - 2023
Contents:
- Price for Phenols and Other Oils and Oil Products in Belgium (FOB) - 2023
- Price for Phenols and Other Oils and Oil Products in Belgium (CIF) - 2022
- Exports of Phenols and Other Oils and Oil Products in Belgium
- Imports of Phenols and Other Oils and Oil Products in Belgium
Price for Phenols and Other Oils and Oil Products in Belgium (FOB) - 2023
In September 2023, the average export price for phenols and other oils and oil products amounted to $591 per ton, rising by 11% against the previous month. In general, the export price showed mild growth. The pace of growth was the most pronounced in October 2022 when the average export price increased by 22% against the previous month. The export price peaked at $697 per ton in November 2022; however, from December 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Togo ($1,078 per ton), while the average price for exports to the Netherlands ($460 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Gibraltar (+80.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Phenols and Other Oils and Oil Products in Belgium (CIF) - 2022
The average import price for phenols and other oils and oil products stood at $655 per ton in 2022, jumping by 44% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 63%. The import price peaked at $768 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($764 per ton), while the price for Russia ($453 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+80.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Phenols and Other Oils and Oil Products in Belgium
In 2022, overseas shipments of phenols and other oils and oil products decreased by -14.3% to 4.7M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 5.5M tons, and then declined in the following year.
In value terms, exports of phenols and other oils and oil products expanded significantly to $2.9B in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 68%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Phenols and Other Oils and Oil Products in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 636 | 285 | 799 | 730 | 4.7% |
| Panama | N/A | 7.0 | N/A | 225 | 466.9% |
| Gibraltar | 32.5 | 70.7 | 66.7 | 121 | 55.0% |
| Germany | 38.6 | 38.4 | 56.6 | 85.1 | 30.2% |
| Spain | 19.7 | 48.3 | 32.9 | 32.2 | 17.8% |
| Others | 917 | 1,062 | 1,578 | 1,692 | 22.7% |
| Total | 1,643 | 1,511 | 2,533 | 2,887 | 20.7% |
Top Export Markets for Phenols and Other Oils and Oil Products from Belgium in 2022:
- Netherlands (1663.5K tons)
- Gibraltar (284.2K tons)
- Panama (220.6K tons)
- Germany (118.8K tons)
- Spain (54.8K tons)
Imports of Phenols and Other Oils and Oil Products in Belgium
After three years of growth, purchases abroad of phenols and other oils and oil products decreased by -50.1% to 1.9M tons in 2022. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 121% against the previous year.
In value terms, imports of phenols and other oils and oil products contracted significantly to $1.3B in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of $1.7B, and then shrank notably in the following year.
| Import of Phenols and Other Oils and Oil Products in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 211 | 139 | 310 | 428 | 26.6% |
| United Kingdom | 114 | 75.9 | 402 | 316 | 40.5% |
| France | 89.8 | 103 | 120 | 154 | 19.7% |
| Poland | N/A | 10.4 | 46.0 | 50.0 | 119.3% |
| Norway | N/A | 20.5 | 36.9 | 39.6 | 39.0% |
| Germany | 37.1 | 40.6 | 60.7 | 37.2 | 0.1% |
| Finland | 2.6 | 15.2 | 0.1 | 36.2 | 140.6% |
| Russia | 119 | 277 | 223 | 31.5 | -35.8% |
| Cuba | N/A | 30.6 | N/A | N/A | 0% |
| Others | 65.7 | 270 | 547 | 163 | 35.4% |
| Total | 640 | 982 | 1,746 | 1,255 | 25.2% |
Top Suppliers of Phenols and Other Oils and Oil Products to Belgium in 2022:
- Netherlands (668.0K tons)
- United Kingdom (460.0K tons)
- France (250.2K tons)
- Poland (82.0K tons)
- Russia (69.6K tons)
- Finland (59.5K tons)
- Germany (54.8K tons)
- Norway (51.8K tons)
This report provides an in-depth analysis of the market for phenols and other oils and oil products 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 20147360 - Phenols
- Prodcom 20147390 - Other oils and oil products, n.e.c.
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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