Belgium: Computing Machinery Market 2024

Computing Machinery Market Size in Belgium

The Belgian computing machinery market dropped sharply to $X in 2021, which is down by -16.9% against the previous year. Overall, consumption showed a noticeable setback. Computing machinery consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Computing Machinery Production in Belgium

In value terms, computing machinery production contracted notably to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 71%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Computing Machinery Exports

Exports from Belgium

In 2021, shipments abroad of computing machinery and parts and accessories thereof increased by 15% to X tons, rising for the fifth consecutive year after three years of decline. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 69%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, computing machinery exports amounted to $X in 2021. In general, exports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 88% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for computing machinery exports from Belgium, with a 46% share of total exports. Moreover, computing machinery exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by France (X tons), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.1% per year) and France (-12.8% per year).

In value terms, the largest markets for computing machinery exported from Belgium were the Netherlands ($X), Germany ($X) and France ($X), together accounting for 61% of total exports. Italy, the UK, Poland, Spain, the United States, the Czech Republic, Luxembourg and Sweden lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Spain, with a CAGR of +1.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, waning by -12.5% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 28%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Belgium

Computing machinery imports into Belgium was estimated at X tons in 2021, increasing by 9.4% compared with 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, computing machinery imports rose remarkably to $X in 2021. Over the period under review, imports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), China (X tons) and Germany (X tons) were the main suppliers of computing machinery imports to Belgium, with a combined 75% share of total imports. Poland, France, Switzerland and the Czech Republic lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Belgium, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.3% per year) and China (-2.6% per year).

Import Prices by Country

The average computing machinery import price stood at $X per ton in 2021, picking up by 2.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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