Belgium: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Belgium

In 2021, the Belgian endless machinery band market increased by 63% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption showed a prominent expansion. Endless machinery band consumption peaked in 2021 and is likely to see gradual growth in the near future.

Endless Machinery Band Production in Belgium

In value terms, endless machinery band production fell remarkably to $X in 2021 estimated in export price. In general, production, however, faced a precipitous setback. Over the period under review, production attained the peak level at $X in 2020, and then fell significantly in the following year.

Endless Machinery Band Exports

Exports from Belgium

In 2021, shipments abroad of endless bands for machinery, of stainless steel increased by 145% to X square meters, rising for the third consecutive year after two years of decline. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, endless machinery band exports soared to $X in 2021. Overall, exports, however, showed a pronounced setback. The pace of growth was the most pronounced in 2013 when exports increased by 50% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X square meters), Germany (X square meters) and France (X square meters) were the main destinations of endless machinery band exports from Belgium, together accounting for 55% of total exports. These countries were followed by Italy, India, the United States, South Africa, Poland, Mexico, Brazil and Luxembourg, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +89.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) were the largest markets for endless machinery band exported from Belgium worldwide, together comprising 49% of total exports. The United States, China, South Africa, Poland, India, Mexico, Brazil and Luxembourg lagged somewhat behind, together accounting for a further 42%.

Luxembourg, with a CAGR of +51.8%, recorded the highest rates of growth with regard to 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 endless machinery band export price stood at $X per square meter in 2021, with a decrease of -39% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. The export price peaked at $X per square meter 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 overseas markets. In 2021, the country with the highest price was the United States ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.0%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Imports

Imports into Belgium

In 2021, overseas purchases of endless bands for machinery, of stainless steel increased by 34% to X square meters, rising for the fourth year in a row after two years of decline. Overall, imports saw temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of 78% against the previous year. Imports peaked at X square meters in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, endless machinery band imports soared to $X in 2021. Over the period under review, imports showed mild growth. The pace of growth appeared the most rapid in 2018 when imports increased by 40%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X square meters), the Netherlands (X square meters) and China (X square meters) were the main suppliers of endless machinery band imports to Belgium, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +70.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest endless machinery band suppliers to Belgium were China ($X), Germany ($X) and the Netherlands ($X), together accounting for 85% of total imports. Japan and the UK lagged somewhat behind, together comprising a further 11%.

The UK, with a CAGR of +46.4%, 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

The average endless machinery band import price stood at $X per square meter in 2021, reducing by -6.2% against the previous year. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 73%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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