Belgium: Smoothing Iron Market 2024

Smoothing Iron Market Size in Belgium

In 2021, the Belgian smoothing iron market decreased by -0.1% to $X, falling for the fourth consecutive year after two years of growth. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.3% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Smoothing Iron Production in Belgium

In value terms, smoothing iron production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 289%. Smoothing iron production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Smoothing Iron Exports

Exports from Belgium

Smoothing iron exports from Belgium expanded remarkably to X units in 2021, surging by 8.9% against the year before. Overall, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 466%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, smoothing iron exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 265% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for smoothing iron exports from Belgium, accounting for a 43% share of total exports. Moreover, smoothing iron exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. Hungary (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.0% per year) and Hungary (+23.1% per year).

In value terms, France ($X) remains the key foreign market for electric smoothing irons exports from Belgium, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Poland, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.0% per year) and Poland (+5.6% per year).

Export Prices by Country

In 2021, the average smoothing iron export price amounted to $X per unit, rising by 11% against the previous year. Overall, the export price, however, saw a mild descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Cyprus ($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 the Netherlands (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Smoothing Iron Imports

Imports into Belgium

In 2021, overseas purchases of electric smoothing irons increased by 3.7% to X units, rising for the third year in a row after five years of decline. Over the period under review, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by 45%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, smoothing iron imports reached $X in 2021. In general, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 27%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of smoothing iron to Belgium, accounting for a 49% share of total imports. Moreover, smoothing iron imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by Italy (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.3% per year) and Italy (+44.9% per year).

In value terms, the largest smoothing iron suppliers to Belgium were the Netherlands ($X), China ($X) and France ($X), with a combined 76% share of total imports. These countries were followed by Germany and Italy, which together accounted for a further 20%.

In terms of the main suppliers, Italy, with a CAGR of +49.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average smoothing iron import price stood at $X per unit in 2021, reducing by -2.9% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2015 an increase of 17%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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