Belgium: Electronic Chip Market 2024

Electronic Chip Market Size in Belgium

The Belgian electronic chip market soared to $X in 2021, rising by 125% against the previous year. Overall, consumption posted resilient growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Electronic Chip Production in Belgium

In value terms, electronic chip production reached $X in 2021 estimated in export price. Overall, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 8.3%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Electronic Chip Exports

Exports from Belgium

In 2021, after two years of growth, there was significant decline in shipments abroad of electronic chips, when their volume decreased by -15.2% to X units. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 204% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020, and then declined notably in the following year.

In value terms, electronic chip exports surged to $X in 2021. Over the period under review, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 100% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units) was the main destination for electronic chip exports from Belgium, accounting for a 27% share of total exports. Moreover, electronic chip exports to Germany exceeded the volume sent to the second major destination, Italy (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+30.8% per year) and the Netherlands (+5.4% per year).

In value terms, Germany ($X) remains the key foreign market for electronic chips exports from Belgium, comprising 23% of total exports. The second position in the ranking was taken by Italy ($X), with a 5.8% share of total exports. It was followed by France, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+34.5% per year) and France (+5.7% per year).

Export Prices by Country

In 2021, the average electronic chip export price amounted to $X per unit, picking up by 39% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands (less than $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 Denmark (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Belgium

In 2021, the amount of electronic chips imported into Belgium reached X units, surging by 1.6% on the previous year's figure. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 205% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, electronic chip imports skyrocketed to $X in 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 384%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main suppliers of electronic chip imports to Belgium, with a combined 83% share of total imports. China, Japan, the Czech Republic, Taiwan (Chinese) and the UK lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +51.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of electronic chips to Belgium, comprising 45% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by Germany, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +50.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+62.4% per year) and Germany (+6.2% per year).

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2021, surging by 24% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 59% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Germany (less than $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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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