Belgium: Ball Market 2024

Ball Market Size in Belgium

The Belgian ball market surged to $X in 2022, jumping by 34% against the previous year. Over the period under review, consumption, however, showed a deep slump. Ball consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ball Production in Belgium

In value terms, ball production surged to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt setback. The growth pace was the most rapid in 2020 when the production volume increased by 1,359% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Ball Exports

Exports from Belgium

After two years of growth, overseas shipments of balls decreased by -36.6% to X units in 2022. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 965% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ball exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 780% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for ball exports from Belgium, accounting for a 36% share of total exports. Moreover, ball exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Spain (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.5% per year) and Spain (-6.9% per year).

In value terms, France ($X) remains the key foreign market for balls exports from Belgium, comprising 36% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Spain, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to France totaled -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.6% per year) and Spain (-6.2% per year).

Export Prices by Country

The average ball export price stood at $X per unit in 2022, approximately mirroring the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 30%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per unit) and Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of balls, when their volume decreased by -49.5% to X units. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 129% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, ball imports dropped significantly to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 103% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), China (X units) and the Netherlands (X units) were the main suppliers of ball imports to Belgium, together accounting for 64% of total imports. France, Vietnam, Germany, Pakistan and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +13.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Vietnam ($X) were the largest ball suppliers to Belgium, with a combined 59% share of total imports.

Vietnam, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball import price stood at $X per unit in 2022, jumping by 17% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 44%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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