Biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals

In 2024, biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals trade exhibited significant decline, with global flows reaching $21,219,756,337 and a three-year compound annual growth rate of -7.6% (five-year: +7.1%). The all-time peak of $37,083,125,340 was recorded in 2022; the current level is 43% below that high-water mark.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-15.1% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.118). The three largest exporters — Netherlands ($4.9B), Germany ($3.6B), and Belgium ($3.1B) — collectively dominate supply flows. The leading exporter has grown at -11.0% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.113). The three largest import markets are Netherlands ($4.8B), Belgium ($3.2B), and France ($2.5B). The largest importing market sources from 52 different supplying countries.

The dominant trade corridor is Netherlands → Belgium at $1.8B, representing 54.4% of the importer's total demand.

The volatility score for biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals is 23 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.