Belgium: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Belgium

The Belgian market for wood boxes, crates and cable drums soared to $X in 2022, increasing by 244% against the previous year. In general, consumption recorded a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Wood Boxes, Crates and Cable Drums in Belgium

In value terms, wood box and cable drum production skyrocketed to $X in 2022 estimated in export price. In general, production recorded prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 172% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Belgium

In 2022, exports of wood boxes, crates and cable drums from Belgium rose markedly to X units, increasing by 11% compared with 2021 figures. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 102% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, wood box and cable drum exports reached $X in 2022. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2019 with an increase of 46% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X units), Tunisia (X units) and France (X units) were the main destinations of wood box and cable drum exports from Belgium, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +159.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Tunisia ($X) and France ($X) were the largest markets for wood box and cable drum exported from Belgium worldwide, with a combined 79% share of total exports.

Among the main countries of destination, Tunisia, with a CAGR of +139.3%, 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 more modest paces of growth.

Export Prices by Country

The average export price for wood boxes, crates and cable drums stood at $X per unit in 2022, dropping by -5.1% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 18%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average 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 ($X per unit) and the United States ($X per unit), while the average price for exports to Tunisia ($X per unit) and the UK ($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 the Netherlands (-7.3%), while the prices for the other major destinations experienced a decline.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Belgium

For the third year in a row, Belgium recorded decline in supplies from abroad of wood boxes, crates and cable drums, which decreased by -8.5% to X units in 2022. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wood box and cable drum imports contracted remarkably to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main suppliers of wood box and cable drum imports to Belgium, together accounting for 63% of total imports. Spain, Poland, Italy, the UK, Luxembourg, Estonia and Sweden lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +27.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wood box and cable drum suppliers to Belgium were the Netherlands ($X), Germany ($X) and France ($X), together comprising 63% of total imports. Spain, Poland, Italy, the UK, Luxembourg, Estonia and Sweden lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Poland, with a CAGR of +32.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for wood boxes, crates and cable drums stood at $X per unit in 2022, declining by -9.8% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood box and cable drum import price increased by +46.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Poland ($X per unit), while the price for the UK ($X per unit) and Estonia ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :