Belgium: Gravure Printing Machinery Market 2024

Gravure Printing Machinery Market Size in Belgium

The Belgian gravure printing machinery market fell markedly to $X in 2022, with a decrease of -27% against the previous year. Over the period under review, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Gravure Printing Machinery Production in Belgium

In value terms, gravure printing machinery production reduced to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8%. Gravure printing machinery production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Gravure Printing Machinery Exports

Exports from Belgium

In 2022, overseas shipments of gravure printing machinery decreased by 0% to X units, falling for the second consecutive year after two years of growth. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 7,950%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gravure printing machinery exports totaled $X in 2022. Over the period under review, exports showed a significant decline. The pace of growth appeared the most rapid in 2017 with an increase of 99,030%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for gravure printing machinery exports from Belgium, with a 71% share of total exports. Moreover, gravure printing machinery exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X units), sixfold. Qatar (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Qatar (0.0% per year).

In value terms, the largest markets for gravure printing machinery exported from Belgium were the UK ($X), Qatar ($X) and the Netherlands ($X), with a combined 72% share of total exports. The United Arab Emirates, Poland, Tunisia and Switzerland lagged somewhat behind, together comprising a further 28%.

The United Arab Emirates, with a CAGR of 0.0%, 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 gravure printing machinery export price stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the export price faced a precipitous decrease. The growth pace was the most rapid in 2017 when the average export price increased by 1,131%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+741.6%), while the prices for the other major destinations experienced mixed trend patterns.

Gravure Printing Machinery Imports

Imports into Belgium

In 2022, overseas purchases of gravure printing machinery decreased by -77.8% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 4,930% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, gravure printing machinery imports contracted sharply to $X in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 2,922%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Switzerland (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of gravure printing machinery imports to Belgium, together accounting for 99.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of gravure printing machinery to Belgium, comprising 87% of total imports. The second position in the ranking was held by Switzerland ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-28.1% per year) and the Netherlands (-10.2% per year).

Import Prices by Country

In 2022, the average gravure printing machinery import price amounted to $X per unit, reducing by -45.6% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 381% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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