Belgium: Engine Generator Market 2024

Engine Generator Market Size in Belgium

For the sixth consecutive year, the Belgian engine generator market recorded decline in sales value, which decreased by -54.1% to $X in 2022. Over the period under review, consumption saw a abrupt decline. Engine generator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Engine Generator Production in Belgium

In value terms, engine generator production amounted to $X in 2022 estimated in export price. In general, production showed a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 8.4% against the previous year. Engine generator production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Engine Generator Exports

Exports from Belgium

After two years of growth, overseas shipments of generators for internal combustion engines decreased by -22.1% to X units in 2022. Over the period under review, exports showed a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, engine generator exports fell sharply to $X in 2022. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for engine generator exports from Belgium, accounting for a 52% share of total exports. Moreover, engine generator exports to the UK exceeded the volume sent to the second major destination, France (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.6% per year) and Germany (-10.5% per year).

In value terms, the UK ($X) remains the key foreign market for generators for internal combustion engines exports from Belgium, comprising 52% of total exports. The second position in the ranking was taken by France ($X), with a 9.8% share of total exports. It was followed by Germany, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.6% per year) and Germany (-10.5% per year).

Export Prices by Country

In 2022, the average engine generator export price amounted to $X per unit, declining by -16.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then dropped markedly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and Italy ($X per unit), while the average price for exports to Sweden ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.1%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in overseas purchases of generators for internal combustion engines, when their volume decreased by -71% to X units. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 38%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, engine generator imports contracted rapidly to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), the Netherlands (X units) and China (X units) were the main suppliers of engine generator imports to Belgium, with a combined 48% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +19.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), the Netherlands ($X) and China ($X) appeared to be the largest engine generator suppliers to Belgium, with a combined 48% share of total imports.

China, with a CAGR of +21.5%, recorded 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

The average engine generator import price stood at $X per unit in 2022, with an increase of 42% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and the UK ($X per unit), while the price for Sweden ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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