Commodity Market Report

Belgium downstream oil long-term outlook

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21 November 2018

Belgium downstream oil long-term outlook

Report summary

The Belgian oil products market is part of the Antwerp/ Rotterdam/ Amsterdam (ARA) oil refining, trading and storage hub. Entry barriers are therefore low and access to product supply relatively unconstrained. Refined products can be sourced either from the Total and ExxonMobil refineries at Antwerp or moved into Belgium by barge from refineries located in the Netherlands at Rotterdam and Vlissingen. The Belgian oil market is mature across most sectors with little or no long-term oil demand growth anticipated. Fuel prices are underpinned by the government-run ‘Contrat Programme' maximum price formula, and price incentives afforded to diesel have been removed. There has been a resurgence in gasoline demand in recent years and Belgium is one of the only EU countries to have mandated E10 gasoline. The growth of automat sector is a key market driver, offering heavily discounted prices in comparison to full service stations.

Table of contents

    • Market drivers
    • Outlook
    • Gasoline
    • Jet kerosene
    • Gas/diesel oil
    • Fuel oil
    • Regulatory issues
    • Product quality
    • Overall position - net exporter
    • Fuels retailing
      • Volumes
      • Overall network development
      • Hypermarket fuel outlets
      • International oil majors
      • Independent groups
        • EG Group/European Forecourt Retail Group (EFR)
        • Octa+
      • Network efficiency
      • Performance pacesetters in the retail market
      • Non-fuel retailing
      • Commercial fuels
        • Motor fuels (gasoline and diesel)
      • Industrial/domestic gas oil
      • Aviation kerosene
      • Heavy fuel oil
      • LPG
      • Lubricants
      • Bitumen
    • Key issues influencing gross fuel margins
      • Contrat Programme maximum fuel price formation
      • Key issues influencing net profitability
    • Marketing gross fuel margins
      • Main products: annual average unit gross margins
    • Marketing net profitability
    • Storage and distribution infrastructure
    • Storage capacity concentration
    • Independent storage facilities
    • Independent storage facilities in Belgium
    • Crude input slate

Tables and charts

This report includes 35 images and tables including:

  • Key demand indicators
  • Total demand
  • Annual demand change
  • Demand by product
  • Demand by sector
  • Trade balance
  • Car parc by fuel type
  • Demand: Image 6
  • Demand: Image 7
  • Demand forecast
  • Gasoline - net exporter
  • Jet/kero - balanced
  • Diesel/gasoil - balanced
  • Fuel oil - balanced
  • Annual gross fuel marketing margins
  • Unit net margins
  • Infrastructure: Image 1
  • Infrastructure: Image 2
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Pipeline capacity and ownership
  • Infrastructure: Image 3
  • Antwerp (ExxonMobil) refinery
  • Infrastructure: Table 5
  • Antwerp (Vitol) refinery
  • Total Raffinaderij Antwerpen refinery
  • Retail fuel volumes
  • Retail network size
  • Retail outlets by brand
  • Retail market shares
  • Network size and throughput per site
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Margins: Table 1
  • Margins: Table 2
  • Commercial diesel volumes

What's included

This report contains:

  • Document

    Belgium downstream oil long-term outlook

    PDF 1.20 MB

  • Document

    Executive summary

    PDF 684.15 KB

  • Document


    PDF 748.88 KB

  • Document

    Policy and regulation

    PDF 703.36 KB

  • Document


    PDF 732.23 KB

  • Document

    Market structure

    PDF 771.30 KB

  • Document


    PDF 831.42 KB

  • Document


    PDF 937.34 KB

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