Belgium: Domestic Appliances Market 2024

Domestic Appliances Market Size in Belgium

The Belgian domestic appliances market amounted to $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Domestic Appliances Production in Belgium

In value terms, domestic appliances production totaled $X in 2021 estimated in export price. In general, production recorded a perceptible increase. The pace of growth was the most pronounced in 2016 with an increase of 122% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Domestic Appliances Exports

Exports from Belgium

In 2021, overseas shipments of domestic appliances increased by 16% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, exports posted a measured increase. The growth pace was the most rapid in 2020 with an increase of 234%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, domestic appliances exports surged to $X in 2021. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2020 with an increase of 122% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main destinations of domestic appliances exports from Belgium, with a combined 76% share of total exports. Sweden, Italy, Poland, the UK and Spain lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +17.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for domestic appliances exported from Belgium worldwide, together accounting for 67% of total exports. These countries were followed by Sweden, Italy, Poland, the UK and Spain, which together accounted for a further 13%.

Sweden, with a CAGR of +18.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average domestic appliances export price stood at $X per unit in 2021, picking up by 15% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, domestic appliances export price decreased by -27.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 36%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Appliances Imports

Imports into Belgium

In 2021, the amount of domestic appliances imported into Belgium soared to X units, rising by 29% on 2020 figures. Overall, imports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 99% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, domestic appliances imports soared to $X in 2021. Over the period under review, imports showed tangible growth. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the Netherlands (X units) and Turkey (X units) were the main suppliers of domestic appliances imports to Belgium, with a combined 72% share of total imports. Germany, France, Italy, Hungary and the United States lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest domestic appliances suppliers to Belgium, with a combined 59% share of total imports. Turkey, Italy, France, the United States and Hungary lagged somewhat behind, together accounting for a further 29%.

Hungary, with a CAGR of +29.7%, saw the highest growth rate of 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

In 2021, the average domestic appliances import price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 96%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :