Belgium - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Belgium - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in Belgium (FOB) - 2023
- Price for Processed Petroleum Oils and Distillates in Belgium (CIF) - 2022
- Exports of Processed Petroleum Oils and Distillates in Belgium
- Imports of Processed Petroleum Oils and Distillates in Belgium
Price for Processed Petroleum Oils and Distillates in Belgium (FOB) - 2023
In July 2023, the average export price for processed petroleum oils and distillates amounted to $804 per ton, which is down by -2% against the previous month. In general, the export price showed a pronounced setback. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 7% m-o-m. Over the period under review, the average export prices attained the maximum at $1,064 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was France ($926 per ton), while the average price for exports to Finland ($514 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (-1.4%), while the prices for the other major destinations experienced a decline.
Price for Processed Petroleum Oils and Distillates in Belgium (CIF) - 2022
The average import price for processed petroleum oils and distillates stood at $401 per ton in 2022, approximately equating the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. The import price peaked at $914 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($444 per ton) and Finland ($433 per ton), while the price for Norway ($345 per ton) and the United States ($350 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-6.0%), while the prices for the other major suppliers experienced a decline.
Exports of Processed Petroleum Oils and Distillates in Belgium
Processed petroleum oils and distillates exports from Belgium soared to 48M tons in 2022, growing by 55% against the year before. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 70%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, processed petroleum oils and distillates exports surged to $23.1B in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 70%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
Export of Processed Petroleum Oils and Distillates in Belgium (Billion USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2.8 | 2.2 | 3.9 | 5.4 | 24.5% |
Nigeria | 0.9 | 0.8 | 1.9 | 3.5 | 57.3% |
Germany | 2.4 | 1.5 | 1.9 | 2.8 | 5.3% |
France | 1.5 | 1.1 | 1.9 | 2.3 | 15.3% |
United Kingdom | 0.8 | 0.5 | 0.6 | 1.7 | 28.6% |
Luxembourg | 0.7 | 0.4 | 0.6 | 1.0 | 12.6% |
United States | 1.2 | 0.3 | 0.7 | 0.9 | -9.1% |
Democratic Republic of the Congo | N/A | N/A | N/A | 0.5 | 0% |
Cote d'Ivoire | N/A | N/A | 0.1 | 0.4 | 300.0% |
Others | 2.9 | 1.9 | 3.2 | 4.7 | 17.5% |
Total | 13.1 | 8.7 | 14.8 | 23.1 | 20.8% |
Top Export Markets for Processed Petroleum Oils and Distillates from Belgium in 2022:
- Netherlands (13.1M tons)
- Nigeria (5.6M tons)
- Germany (5.3M tons)
- France (4.3M tons)
- United Kingdom (3.1M tons)
- United States (2.4M tons)
- Luxembourg (2.3M tons)
- Democratic Republic of the Congo (1.0M tons)
- Cote d'Ivoire (0.8M tons)
Imports of Processed Petroleum Oils and Distillates in Belgium
Processed petroleum oils and distillates imports into Belgium surged to 69M tons in 2022, picking up by 50% on the year before. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, processed petroleum oils and distillates imports soared to $27.7B in 2022. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 52%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Processed Petroleum Oils and Distillates in Belgium (Billion USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 6.9 | 5.3 | 6.8 | 12.2 | 20.9% |
United Kingdom | 1.6 | 0.9 | 1.8 | 2.8 | 20.5% |
France | 1.6 | 0.8 | 1.0 | 2.1 | 9.5% |
United States | 0.7 | 0.6 | 0.9 | 1.5 | 28.9% |
India | 0.6 | 0.3 | 1.3 | 1.4 | 32.6% |
Spain | 0.4 | 0.4 | 0.7 | 1.2 | 44.2% |
Sweden | 0.5 | 0.4 | 0.5 | 1.1 | 30.1% |
Germany | 0.6 | 0.5 | 0.7 | 1.0 | 18.6% |
Finland | 0.4 | 0.3 | 0.4 | 0.7 | 20.5% |
China | N/A | N/A | 0.1 | 0.7 | 600.0% |
Norway | 0.5 | 0.3 | 0.5 | 0.6 | 6.3% |
Russia | 1.7 | 1.6 | 1.8 | N/A | 2.9% |
Others | 0.9 | 0.7 | 2.0 | 2.4 | 38.7% |
Total | 16.4 | 12.1 | 18.5 | 27.7 | 19.1% |
Top Suppliers of Processed Petroleum Oils and Distillates to Belgium in 2022:
- Netherlands (29.9M tons)
- United Kingdom (7.7M tons)
- France (5.0M tons)
- United States (4.3M tons)
- India (3.5M tons)
- Spain (3.1M tons)
- Sweden (2.6M tons)
- Germany (2.2M tons)
- China (1.9M tons)
- Finland (1.6M tons)
- Norway (1.6M tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates 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:
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
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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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