| Product Code: ETC6356212 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Belgium`s marine oil import shipments in 2024 continued to adhere to the IMO 2020 regulations, with key exporters being Netherlands, Metropolitan France, UK, UAE, and Germany. Despite high concentration levels in the market, the compound annual growth rate (CAGR) from 2020 to 2024 was a robust 18.28%. However, there was a noticeable dip in the growth rate from 2023 to 2024 at -16.04%, indicating a fluctuating trend in the market dynamics. Monitoring these shifts can provide valuable insights for stakeholders in the maritime oil import industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market - Industry Life Cycle |
3.4 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market - Porter's Five Forces |
3.5 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent regulations by the International Maritime Organization (IMO) requiring the use of compliant marine oil by vessels operating in Belgium. |
4.2.2 Growing awareness about the environmental impact of marine oil pollution and the need for cleaner fuels. |
4.2.3 Increased investments in research and development to produce and market IMO 2020 compliant marine oil. |
4.3 Market Restraints |
4.3.1 Higher costs associated with producing and distributing IMO 2020 compliant marine oil compared to traditional marine fuels. |
4.3.2 Resistance from some shipping companies to switch to compliant marine oil due to concerns about operational efficiency and compatibility issues. |
5 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Trends |
6 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market, By Types |
6.1 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By Types, 2021- 2031F |
6.1.3 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By Hydrogenation, 2021- 2031F |
6.1.4 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By Mix and Match, 2021- 2031F |
6.1.5 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By Oil Tankers, 2021- 2031F |
6.2.3 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By Bulk Carriers, 2021- 2031F |
6.2.4 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By General Cargo, 2021- 2031F |
6.2.5 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By Container Ships, 2021- 2031F |
6.2.6 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenues & Volume, By Others, 2021- 2031F |
7 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Import-Export Trade Statistics |
7.1 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Export to Major Countries |
7.2 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Imports from Major Countries |
8 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Key Performance Indicators |
8.1 Percentage increase in the adoption rate of IMO 2020 compliant marine oil by Belgian-flagged vessels. |
8.2 Number of new suppliers entering the market to meet the demand for compliant marine oil. |
8.3 Reduction in sulfur emissions from vessels operating in Belgian waters due to the use of compliant marine oil. |
8.4 Average price differential between IMO 2020 compliant marine oil and traditional marine fuels. |
9 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market - Opportunity Assessment |
9.1 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market - Competitive Landscape |
10.1 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Revenue Share, By Companies, 2024 |
10.2 Belgium International Maritime Organization (IMO) 2021 Compliant Marine Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |