Belgium: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Belgium

After two years of decline, the Belgian metal broaching machine market increased by 158% to $X in 2021. Overall, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Broaching Machine Production in Belgium

In value terms, metal broaching machine production contracted markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of 235%. As a result, production reached the peak level of $X, and then reduced markedly in the following year.

Metal Broaching Machine Exports

Exports from Belgium

In 2021, after two years of growth, there was significant decline in shipments abroad of broaching machines for working metal, when their volume decreased by -87% to X units. Over the period under review, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 900% against the previous year. The exports peaked at X units in 2020, and then fell remarkably in the following year.

In value terms, metal broaching machine exports contracted notably to $X in 2021. In general, exports faced a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 2,946%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X units) was the main destination for metal broaching machine exports from Belgium, with a 71% share of total exports. Moreover, metal broaching machine exports to Israel exceeded the volume sent to the second major destination, Cabo Verde (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Israel stood at -50.0%.

In value terms, Israel ($X) remains the key foreign market for broaching machines for working metal exports from Belgium, comprising 99% of total exports. The second position in the ranking was held by Cabo Verde ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Israel stood at -64.3%.

Export Prices by Country

In 2021, the average metal broaching machine export price amounted to $X per unit, growing by 56% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 2,248% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Cabo Verde stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+194.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Belgium

In 2021, approx. X units of broaching machines for working metal were imported into Belgium; jumping by 580% compared with 2020. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal broaching machine imports rose modestly to $X in 2021. Overall, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 1,350%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest metal broaching machine supplier to Belgium, with a 71% share of total imports. Moreover, metal broaching machine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+58.1% per year) and China (-13.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of broaching machines for working metal to Belgium, comprising 97% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.5% share of total imports. It was followed by Turkey, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-32.1% per year) and Turkey (-35.2% per year).

Import Prices by Country

In 2021, the average metal broaching machine import price amounted to $X per unit, falling by -85% against the previous year. Over the period under review, the import price saw a sharp slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 281% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by France (+54.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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