Belgium: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Belgium

The Belgian mounted piezo-electric crystals market declined dramatically to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption showed a deep slump. Mounted piezo-electric crystals consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Mounted Piezo-Electric Crystals Production in Belgium

In value terms, mounted piezo-electric crystals production reduced dramatically to $X in 2023 estimated in export price. Over the period under review, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Mounted Piezo-Electric Crystals Exports

Exports from Belgium

In 2023, mounted piezo-electric crystals exports from Belgium surged to X units, increasing by X% against the previous year. Overall, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mounted piezo-electric crystals exports shrank significantly to $X in 2023. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

Nigeria (X units) was the main destination for mounted piezo-electric crystals exports from Belgium, accounting for a X% share of total exports. Moreover, mounted piezo-electric crystals exports to Nigeria exceeded the volume sent to the second major destination, Germany (X units), sevenfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

In value terms, Germany ($X), Israel ($X) and the UK ($X) were the largest markets for mounted piezo-electric crystals exported from Belgium worldwide, together accounting for X% of total exports. Italy, the Netherlands, Poland, Spain, France, Sweden, the Czech Republic and Nigeria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mounted piezo-electric crystals export price stood at $X per unit in 2023, reducing by X% against the previous year. In general, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2022, and then reduced markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Nigeria (less than $X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Piezo-Electric Crystals Imports

Imports into Belgium

In 2023, after four years of growth, there was significant decline in purchases abroad of mounted piezo-electric crystals, when their volume decreased by X% to X units. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X units in 2022, and then declined notably in the following year.

In value terms, mounted piezo-electric crystals imports dropped significantly to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

The Netherlands (X units), China (X units) and Germany (X units) were the main suppliers of mounted piezo-electric crystals imports to Belgium, together accounting for X% of total imports. Taiwan (Chinese), Japan, the United States, Thailand, South Korea, the UK, Switzerland and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mounted piezo-electric crystals suppliers to Belgium were China ($X), Taiwan (Chinese) ($X) and Germany ($X), together accounting for X% of total imports. Thailand, the Netherlands, South Korea, the United States, Japan, Switzerland, the UK and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounted piezo-electric crystals import price stood at $X per unit in 2023, reducing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for the Netherlands (less than $X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform