Belgium: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Belgium

After two years of growth, the Belgian telephone apparatus market decreased by -29.7% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Telephone apparatus consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Telephone Apparatus Production in Belgium

In value terms, telephone apparatus production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Telephone apparatus production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Telephone Apparatus Exports

Exports from Belgium

After three years of growth, shipments abroad of telephone apparatus decreased by -4.1% to X tons in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 84% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, telephone apparatus exports shrank sharply to $X in 2022. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 44%. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of telephone apparatus exports from Belgium, together comprising 32% of total exports. Italy, the UK, Luxembourg, Hungary, Spain and the Czech Republic lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +40.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest markets for telephone apparatus exported from Belgium worldwide, together comprising 63% of total exports. Italy, Spain, Luxembourg, the UK, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 20%.

Hungary, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, declining by -10.5% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of telephone apparatus, when their volume decreased by -16.5% to X tons. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 73% against the previous year. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, telephone apparatus imports contracted significantly to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 32%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted markedly in the following year.

Imports by Country

The Netherlands (X tons), China (X tons) and France (X tons) were the main suppliers of telephone apparatus imports to Belgium, with a combined 48% share of total imports. Germany, Sweden, Mexico, the United States and the UK lagged somewhat behind, together accounting for a further 8.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +47.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of telephone apparatus to Belgium, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports. It was followed by France, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.4% per year) and France (+0.5% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 44%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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