Belgium: Accumulator Market 2025

Accumulator Market Size in Belgium

The Belgian accumulator market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Accumulator Production in Belgium

In value terms, accumulator production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Accumulator Exports

Exports from Belgium

In 2022, shipments abroad of electric accumulators increased by X% to X units, rising for the third year in a row after three years of decline. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, accumulator exports surged to $X in 2022. In general, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for accumulator exports from Belgium, with a X% share of total exports. Moreover, accumulator exports to Germany exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was held by Poland (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Poland (X% per year).

In value terms, Mexico ($X) emerged as the key foreign market for electric accumulators exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average accumulator export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Mexico ($X per unit), while the average price for exports to Spain ($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 Mexico (X%), while the prices for the other major destinations experienced a decline.

Accumulator Imports

Imports into Belgium

In 2022, overseas purchases of electric accumulators increased by X% to X units, rising for the seventh year in a row after two years of decline. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator imports soared to $X in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Hungary (X units) and Poland (X units) were the main suppliers of accumulator imports to Belgium, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Hungary ($X) appeared to be the largest accumulator suppliers to Belgium, together comprising X% of total imports.

Hungary, with a CAGR of X%, 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

In 2022, the average accumulator import price amounted to $X per unit, waning by X% against the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then fell sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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