Belgium: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Belgium

In 2021, the Belgian wood bending machine market increased by 20% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a mild shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Bending Machine Exports

Exports from Belgium

In 2021, overseas shipments of bending or assembling machines increased by 28% to X units, rising for the third consecutive year after four years of decline. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,244%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, wood bending machine exports surged to $X in 2021. Overall, exports recorded resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 572% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X units), Germany (X units) and the United States (X units) were the main destinations of wood bending machine exports from Belgium, with a combined 81% share of total exports. Australia, Poland, Indonesia and the Czech Republic lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +150.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for bending or assembling machines exports from Belgium, comprising 68% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+58.4% per year) and the United States (+13.3% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, with an increase of 120% against the previous year. Over the period under review, the export price posted a measured increase. The pace of growth was the most pronounced in 2017 an increase of 402%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+242.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Belgium

In 2021, overseas purchases of bending or assembling machines increased by 22% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 332% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood bending machine imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 810% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the Czech Republic (X units) and Austria (X units) were the main suppliers of wood bending machine imports to Belgium, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +65.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of bending or assembling machines to Belgium, comprising 65% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria totaled +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.1% per year) and China (+28.5% per year).

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, standing approx. at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 111%. Over the period under review, average import prices attained the maximum at $X per unit 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 Austria ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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