Belgium: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Belgium

In 2021, the Belgian fuel or lubricating pump market increased by 0.9% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.1% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Belgium

In 2021, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 73% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 139% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, fuel or lubricating pump exports surged to $X in 2021. Overall, exports showed a pronounced expansion. The growth pace was the most rapid in 2020 when exports increased by 56%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The UK (X units), Germany (X units) and France (X units) were the main destinations of fuel or lubricating pump exports from Belgium, with a combined 35% share of total exports. These countries were followed by Sweden, Poland, Spain, Italy, Brazil, the Netherlands, the United States, Turkey, Greece and Russia, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +34.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuel or lubricating pump exported from Belgium were France ($X), the UK ($X) and Germany ($X), with a combined 30% share of total exports. These countries were followed by the Netherlands, Sweden, Spain, the United States, Italy, Poland, Brazil, Turkey, Greece and Russia, which together accounted for a further 43%.

Brazil, with a CAGR of +18.1%, 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 fuel or lubricating pump export price stood at $X per unit in 2021, which is down by -25.6% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a 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 Netherlands ($X per unit), while the average price for exports to Poland ($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 France (-4.5%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Belgium

For the third consecutive year, Belgium recorded growth in purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, which increased by 17% to X units in 2021. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 113% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

France (X units), Germany (X units) and Romania (X units) were the main suppliers of fuel or lubricating pump imports to Belgium, with a combined 55% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +43.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Romania ($X) appeared to be the largest fuel or lubricating pump suppliers to Belgium, together accounting for 46% of total imports.

Romania, with a CAGR of +51.2%, saw the highest rates of growth with regard to 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 fuel or lubricating pump import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 43% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Romania (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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