Benelux: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Benelux

In 2022, the Benelux chemically modified oils market increased by X% to $X, rising for the sixth year in a row after three years of decline. In general, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Chemically Modified Oils Production in Benelux

In value terms, chemically modified oils production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Chemically Modified Oils Exports

Exports in Benelux

For the fourth consecutive year, Benelux recorded growth in overseas shipments of animal or vegetable fats and oils chemically modified, which increased by X% to X tons in 2022. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, chemically modified oils exports soared to $X in 2022. Overall, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands was the main exporter of animal or vegetable fats and oils chemically modified in Benelux, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Belgium (X tons), making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to chemically modified oils exports from the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest chemically modified oils supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, chemically modified oils exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, increasing by X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Chemically Modified Oils Imports

Imports in Benelux

Chemically modified oils imports soared to X tons in 2022, growing by X% against 2021. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, chemically modified oils imports surged to $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) was the major importer of animal or vegetable fats and oils chemically modified, making up X% of total imports. It was distantly followed by Belgium (X tons), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to chemically modified oils imports into the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported animal or vegetable fats and oils chemically modified in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at X%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Source: IndexBox Platform

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