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Belgium Overtakes Germany as Second-Largest Biodiesel Exporter Worldwide


Belgium Overtakes Germany as Second-Largest Biodiesel Exporter Worldwide

IndexBox has just published a new report: ‘World – Biodiesel – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

This year, Belgium is overtaking Germany to emerge as the second-largest biodiesel exporter in the world. From January to July 2021, Belgium supplied biodiesel worth $2.1B abroad, while Germany’s exports were estimated at $1.8B. The Netherlands keeps the leading position with a biodiesel export value of $4.2B. In 2020, Germany ($2.3B) followed the Netherlands ($4.6B) in global export ranking, while Belgium ($1.5B) took third place. The average biodiesel export price grew by +11% y-o-y to $979 per tonne in 2020. 

Global Biodiesel Exports by Country

Over the period from January to July 2021, the Netherlands remains the top biodiesel exporter worldwide, with a $4.2B value of the shipments abroad. Belgium ($2.1B) took second place in the global export ranking, followed by Germany ($1.8B).

In 2020, the amount of biodiesel exported worldwide amounted to 16M tonnes. In value terms, biodiesel exports were estimated at $15.9B (IndexBox estimates).

Last year, the Netherlands (4.7M tonnes), distantly followed by Germany (2.3M tonnes), Belgium (1.6M tonnes), Spain (1.5M tonnes), and China (0.9M tonnes) were the significant biodiesel exporters, together creating 70% of total exports. The following exporters – Argentina (597K tonnes), France (557K tonnes), Italy (494K tonnes), the U.S. (476K tonnes), Malaysia (402K tonnes), Canada (397K tonnes), Poland (365K tonnes) and Austria (289K tonnes) – together made up 23% of total exports.

In value terms, the Netherlands ($4.6B), Germany ($2.3B) and Belgium ($1.5B) constituted the countries with the highest levels of exports in 2020, with a combined 55% share of global exports. These countries were followed by Spain, China, Italy, France, Argentina, the U.S., Canada, Malaysia, Austria and Poland, which accounted for 38%.

Italy saw the highest growth rate of the value of exports in 2020, while shipments for the other global leaders experienced more modest paces of growth. The value of biodiesel exported from Italy rose from $719M to $1.1B.

The average biodiesel export price stood at $979 per tonne in 2020, rising by +11% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Italy ($1,289 per tonne), while Argentina ($784 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform