Belgium: Copper Screw Market 2024

Copper Screw Market Size in Belgium

In 2021, after three years of decline, there was significant growth in the Belgian copper screw market, when its value increased by 14% to $X. Over the period under review, consumption, however, recorded a deep contraction. Copper screw consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Copper Screw Production in Belgium

In value terms, copper screw production soared to $X in 2021 estimated in export price. Overall, production posted a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 91%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Copper Screw Exports

Exports from Belgium

In 2021, shipments abroad of copper screws, bolts and nuts increased by 70% to X tons, rising for the fourth consecutive year after five years of decline. Over the period under review, exports continue to indicate a mild increase. The pace of growth was the most pronounced in 2020 when exports increased by 214% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, copper screw exports surged to $X in 2021. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 104%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for copper screw exports from Belgium, accounting for a 62% share of total exports. Moreover, copper screw exports to France exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Togo (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+14.0% per year) and Togo (+49.5% per year).

In value terms, France ($X) emerged as the key foreign market for copper screws, bolts and nuts exports from Belgium, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.9% per year) and the Netherlands (+2.0% per year).

Export Prices by Country

The average copper screw export price stood at $X per ton in 2021, declining by -24.6% against the previous year. In general, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 114% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($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 Libya (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in supplies from abroad of copper screws, bolts and nuts, which increased by 93% to X tons in 2021. Over the period under review, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper screw imports soared to $X in 2021. In general, imports continue to indicate a notable expansion. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and Germany (X tons) were the main suppliers of copper screw imports to Belgium, with a combined 82% share of total imports. These countries were followed by France, the Czech Republic, India and Italy, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +30.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) were the largest copper screw suppliers to Belgium, together accounting for 72% of total imports.

China, with a CAGR of +21.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper screw import price stood at $X per ton in 2021, which is down by -28.2% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2018 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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