Belgium: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Belgium

The Belgian billiard accessoires market shrank markedly to $X in 2022, declining by -44.2% against the previous year. In general, consumption saw a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Billiard Accessoires Production in Belgium

In value terms, billiard accessoires production fell notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 45% against the previous year. Billiard accessoires production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Billiard Accessoires Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in overseas shipments of articles and accessories for billiards, when their volume decreased by -28.4% to X tons. In general, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, billiard accessoires exports surged to $X in 2022. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.9% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

China (X tons), the United States (X tons) and the UK (X tons) were the main destinations of billiard accessoires exports from Belgium, together comprising 45% of total exports. South Korea, the Netherlands, Germany, Hong Kong SAR, France, Singapore, Australia, Vietnam, Colombia and Italy lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +11.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) appeared to be the largest markets for billiard accessoires exported from Belgium worldwide, with a combined 56% share of total exports.

Among the main countries of destination, China, with a CAGR of +16.9%, recorded 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 billiard accessoires export price stood at $X per ton in 2022, increasing by 65% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Billiard Accessoires Imports

Imports into Belgium

In 2022, purchases abroad of articles and accessories for billiards decreased by -63.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 318% against the previous year. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, billiard accessoires imports reduced remarkably to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 237% against the previous year. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest billiard accessoires supplier to Belgium, accounting for a 73% share of total imports. Moreover, billiard accessoires imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.9% per year) and France (+7.0% per year).

In value terms, China ($X) constituted the largest supplier of articles and accessories for billiards to Belgium, comprising 59% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total imports. It was followed by Portugal, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.6% per year) and Portugal (+86.7% per year).

Import Prices by Country

In 2022, the average billiard accessoires import price amounted to $X per ton, with an increase of 26% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 30%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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