Belgium: Blow-Moulding Machine Market 2024

Blow-Moulding Machine Market Size in Belgium

The Belgian blow-moulding machine market skyrocketed to $X in 2022, with an increase of 54% against the previous year. Overall, consumption posted a resilient increase. Blow-moulding machine consumption peaked in 2022 and is expected to retain growth in the near future.

Blow-Moulding Machine Production in Belgium

In value terms, blow-moulding machine production dropped significantly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 79%. Blow-moulding machine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Blow-Moulding Machine Exports

Exports from Belgium

Blow-moulding machine exports from Belgium declined markedly to X units in 2022, waning by -92.8% against 2021. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 3,505%. As a result, the exports reached the peak of X units, and then dropped markedly in the following year.

In value terms, blow-moulding machine exports fell significantly to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 3,049% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Norway (X units) was the main destination for blow-moulding machine exports from Belgium, with a 74% share of total exports. Moreover, blow-moulding machine exports to Norway exceeded the volume sent to the second major destination, Germany (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.3% per year) and Kenya (0.0% per year).

In value terms, the largest markets for blow-moulding machine exported from Belgium were Germany ($X), Norway ($X) and Kenya ($X), together accounting for 5.1% of total exports.

Among the main countries of destination, Kenya, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average blow-moulding machine export price stood at $X per unit in 2022, rising by 229% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of 1,056% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+22.9%), while the prices for the other major destinations experienced mixed trend patterns.

Blow-Moulding Machine Imports

Imports into Belgium

In 2022, the amount of blow-moulding machines for working rubber or plastics imported into Belgium contracted dramatically to X units, dropping by -92.7% on 2021 figures. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 305%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, blow-moulding machine imports fell markedly to $X in 2022. In general, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 220%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Switzerland (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of blow-moulding machine imports to Belgium, with a combined 92% share of total imports. Moreover, blow-moulding machine imports in Switzerland exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese), twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +55.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of blow-moulding machines for working rubber or plastics to Belgium, comprising 72% of total imports. The second position in the ranking was taken by Switzerland ($X), with an 8.8% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-20.4% per year) and Germany (-33.1% per year).

Import Prices by Country

The average blow-moulding machine import price stood at $X per unit in 2022, with a decrease of -11.5% against the previous year. Over the period under review, the import price saw a deep slump. The pace of growth appeared the most rapid in 2017 an increase of 71%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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