Belgium: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Belgium

The Belgian market for instrument panel and wall clocks was estimated at $X in 2020, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Production of Instrument Panel And Wall Clocks in Belgium

In value terms, instrument panel and wall clock production reduced to $X in 2020 estimated in export prices. Overall, production saw a slight reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Instrument panel and wall clock production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Instrument Panel And Wall Clocks

Exports from Belgium

In 2020, overseas shipments of instrument panel and wall clocks increased by X% to X tons for the first time since 2014, thus ending a five-year declining trend. Overall, exports continue to indicate a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, instrument panel and wall clock exports skyrocketed to $X in 2020. Over the period under review, exports recorded strong growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and Thailand (X tons) were the main destinations of instrument panel and wall clock exports from Belgium, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand, while exports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for instrument panel and wall clock exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was France ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into Belgium

In 2020, the amount of instrument panel and wall clocks imported into Belgium surged to X tons, growing by X% on the previous year. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports surged to $X in 2020. Over the period under review, imports showed a perceptible decrease. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of instrument panel and wall clock to Belgium, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (+X% per year).

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Belgium, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Germany (-X% per year).

Import Prices by Country

The average import price for instrument panel and wall clocks stood at $X per ton in 2020, surging by X% against the previous year. In general, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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