Belgium: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Belgium

In 2022, the Belgian machine-tool for removing material market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption saw a relatively flat trend pattern. Machine-tool for removing material consumption peaked at $X in 2021, and then declined remarkably in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Belgium

After six years of growth, overseas shipments of machine-tools for working any material by removal of material decreased by X% to X units in 2022. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped slightly in the following year.

In value terms, machine-tool for removing material exports contracted to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The United States (X units) was the main destination for machine-tool for removing material exports from Belgium, with a X% share of total exports. Moreover, machine-tool for removing material exports to the United States exceeded the volume sent to the second major destination, Italy (X units), threefold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for machine-tools for working any material by removal of material exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Belgium

In 2022, the amount of machine-tools for working any material by removal of material imported into Belgium soared to X units, picking up by X% on 2021. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for removing material imports soared to $X in 2022. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of machine-tool for removing material imports to Belgium, together accounting for X% of total imports. The Netherlands, France, the UK and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Belgium, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average machine-tool for removing material import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :