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Belgium - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Monocarboxylic Fatty Acids in Belgium - 2023
Contents:
- Price for Industrial Monocarboxylic Fatty Acids in Belgium (FOB) - 2023
- Price for Industrial Monocarboxylic Fatty Acids in Belgium (CIF) - 2023
- Exports of Industrial Monocarboxylic Fatty Acids in Belgium
- Imports of Industrial Monocarboxylic Fatty Acids in Belgium
Price for Industrial Monocarboxylic Fatty Acids in Belgium (FOB) - 2023
The average industrial monocarboxylic fatty acids export price stood at $1,886 per ton in August 2023, increasing by 13% against the previous month. Overall, the export price, however, recorded a slight reduction. Over the period under review, the average export prices hit record highs at $2,464 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,565 per ton), while the average price for exports to Switzerland ($984 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Industrial Monocarboxylic Fatty Acids in Belgium (CIF) - 2023
The average industrial monocarboxylic fatty acids import price stood at $1,196 per ton in August 2023, which is down by -21.1% against the previous month. In general, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in January 2023 an increase of 33% against the previous month. The import price peaked at $2,174 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($1,847 per ton), while the price for Argentina ($834 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hungary (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Industrial Monocarboxylic Fatty Acids in Belgium
In 2022, shipments abroad of industrial monocarboxylic fatty acids decreased by -2.4% to 194K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. As a result, the exports attained the peak of 200K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, industrial monocarboxylic fatty acids exports surged to $473M in 2022. Overall, exports, however, continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Industrial Monocarboxylic Fatty Acids in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 42.9 | 63.7 | 76.7 | 123 | 42.1% |
Netherlands | 25.8 | 46.3 | 52.0 | 94.7 | 54.3% |
France | 36.4 | 36.4 | 64.3 | 88.2 | 34.3% |
Spain | 23.0 | 26.8 | 41.6 | 60.9 | 38.3% |
United Kingdom | 12.5 | 14.3 | 17.8 | 25.2 | 26.3% |
Italy | 3.7 | 6.3 | 8.2 | 15.2 | 60.2% |
Poland | 4.8 | 5.4 | 7.5 | 8.5 | 21.0% |
Others | 22.4 | 33.1 | 47.3 | 57.7 | 37.1% |
Total | 172 | 232 | 315 | 473 | 40.1% |
Top Export Markets for Industrial Monocarboxylic Fatty Acids from Belgium in 2022:
- Germany (41.0K tons)
- France (40.5K tons)
- Netherlands (37.1K tons)
- Spain (23.3K tons)
- United Kingdom (19.5K tons)
- Italy (6.8K tons)
- Poland (3.8K tons)
Imports of Industrial Monocarboxylic Fatty Acids in Belgium
For the fourth consecutive year, Belgium recorded growth in purchases abroad of industrial monocarboxylic fatty acids, which increased by 31% to 131K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $245M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Industrial Monocarboxylic Fatty Acids in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 27.4 | 38.8 | 51.4 | 86.5 | 46.7% |
Germany | 36.0 | 43.2 | 56.4 | 68.9 | 24.2% |
Indonesia | 1.5 | 6.1 | 9.3 | 25.0 | 155.4% |
India | 6.1 | 4.7 | 8.2 | 12.4 | 26.7% |
Italy | 0.5 | 0.2 | 11.3 | 11.2 | 181.9% |
Denmark | 0.1 | 0.3 | 1.1 | 10.0 | 364.2% |
Malaysia | 0.4 | 2.9 | 1.8 | 6.3 | 150.7% |
Others | 4.4 | 3.2 | 8.1 | 24.7 | 77.7% |
Total | 76.6 | 99.5 | 148 | 245 | 47.3% |
Top Suppliers of Industrial Monocarboxylic Fatty Acids to Belgium in 2022:
- Netherlands (44.6K tons)
- Germany (28.6K tons)
- Indonesia (16.8K tons)
- Denmark (8.7K tons)
- Italy (7.5K tons)
- India (4.8K tons)
- Malaysia (3.8K tons)
This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids 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 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
- Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)
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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