Belgium: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Belgium

The Belgian market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA declined dramatically to $X in 2022, shrinking by -23.1% against the previous year. Overall, consumption saw a abrupt shrinkage. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Belgium

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 48% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Belgium

In 2022, overseas shipments of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA decreased by -0.1% to X units, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 51% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA shrank significantly to $X in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Belgium, with a 41% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Iraq exceeded the volume sent to the second major destination, Germany (X units), fourfold. The United States (X units) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to +89.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.4% per year) and the United States (+16.0% per year).

In value terms, Germany ($X), the Netherlands ($X) and Iraq ($X) were the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Belgium worldwide, with a combined 35% share of total exports.

In terms of the main countries of destination, Iraq, with a CAGR of +67.0%, 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 diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, reducing by -25.6% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2013 an increase of 24% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Australia ($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 Ireland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Belgium

In 2022, supplies from abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 39%. Over the period under review, imports of attained the maximum at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA declined slightly to $X in 2022. Over the period under review, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 29%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, India (X units) constituted the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier to Belgium, accounting for a 42% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from India exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Spain (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and Spain (+17.3% per year).

In value terms, India ($X), Spain ($X) and France ($X) appeared to be the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to Belgium, with a combined 63% share of total imports.

India, with a CAGR of +23.2%, recorded 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 import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, dropping by -7.9% against the previous year. Over the period under review, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a 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 the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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