Belgium: Dairy Machinery Market 2024

Dairy Machinery Market Size in Belgium

After four years of growth, the Belgian dairy machinery market decreased by -32.7% to $X in 2022. Overall, consumption, however, recorded prominent growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Dairy Machinery Production in Belgium

In value terms, dairy machinery production reached $X in 2022 estimated in export price. In general, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 72%. Dairy machinery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Dairy Machinery Exports

Exports from Belgium

For the third consecutive year, Belgium recorded decline in overseas shipments of dairy machinery, which decreased by -24.3% to X units in 2022. Overall, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2019 with an increase of 281% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, dairy machinery exports shrank sharply to $X in 2022. In general, exports recorded a sharp descent. The pace of growth was the most pronounced in 2019 with an increase of 330%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X units), Indonesia (X units) and Madagascar (X units) were the main destinations of dairy machinery exports from Belgium, together accounting for 67% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +113.2%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Indonesia ($X) and Serbia ($X) appeared to be the largest markets for dairy machinery exported from Belgium worldwide, together accounting for 59% of total exports.

Among the main countries of destination, Serbia, with a CAGR of +289.8%, 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 dairy machinery export price stood at $X per unit in 2022, waning by -69.2% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+82.8%), while the prices for the other major destinations experienced a decline.

Dairy Machinery Imports

Imports into Belgium

In 2022, overseas purchases of dairy machinery decreased by -57% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 198%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, dairy machinery imports contracted markedly to $X in 2022. Overall, imports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2020 when imports increased by 142% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), France (X units) and Sweden (X units) were the main suppliers of dairy machinery imports to Belgium, with a combined 86% share of total imports. The Netherlands, Turkey, the UK and Denmark lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +45.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest dairy machinery suppliers to Belgium were France ($X), Germany ($X) and the Netherlands ($X), together comprising 93% of total imports. Sweden, the UK, Turkey and Denmark lagged somewhat behind, together accounting for a further 6.5%.

Sweden, with a CAGR of +84.0%, saw the highest growth rate of the value of imports, in terms of 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 dairy machinery import price stood at $X per unit in 2022, flattening at the previous year. Overall, the import price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 199% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :