Belgium Sharply Increases Imports of Additives for Lubricating Oils
Oct 7, 2021
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In 2020, Belgium's imports of additives for lubricating oils rose substantially from 88K tons in 2019 to 145K tons in 2020. In value terms, imports grew to $436M. France, Italy and the U.S. dominate the Belgium's imports, with a combined 80%-share of the total volume. All these countries ramped up their exports to Belgium significantly last year. The average import price of additives for lubricating oils dropped by -17.1% y-o-y to $3,018 per ton.