Belgium: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Belgium

After five years of growth, the Belgian stone polishing machine market decreased by -19.6% to $X in 2022. Over the period under review, consumption, however, saw a prominent increase. Stone polishing machine consumption peaked at $X in 2021, and then fell dramatically in the following year.

Stone Polishing Machine Production in Belgium

In value terms, stone polishing machine production surged to $X in 2022 estimated in export price. Overall, production recorded a moderate expansion. Stone polishing machine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Belgium

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were exported from Belgium; growing by 7.2% against the previous year. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 303% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 223% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units), the Netherlands (X units) and France (X units) were the main destinations of stone polishing machine exports from Belgium, with a combined 75% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +86.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stone polishing machine exported from Belgium were the Czech Republic ($X), the Netherlands ($X) and France ($X), with a combined 76% share of total exports. Germany, Austria, Italy, Turkey, Lebanon and Poland lagged somewhat behind, together comprising a further 13%.

Austria, with a CAGR of +136.3%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average stone polishing machine export price amounted to $X per unit, surging by 13% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 58% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 Austria (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Belgium

Stone polishing machine imports into Belgium dropped remarkably to X units in 2022, shrinking by -70.4% against the previous year. Overall, imports, however, posted mild growth. The pace of growth was the most pronounced in 2019 with an increase of 251%. Over the period under review, imports reached the maximum at X units in 2021, and then contracted sharply in the following year.

In value terms, stone polishing machine imports contracted markedly to $X in 2022. Over the period under review, imports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by 124% against the previous year. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Japan (X units), the UK (X units) and Germany (X units) were the main suppliers of stone polishing machine imports to Belgium, together comprising 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stone polishing machine suppliers to Belgium were Italy ($X), Japan ($X) and France ($X), with a combined 65% share of total imports. The UK, Germany, China and Sweden lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, the UK, with a CAGR of +14.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, picking up by 62% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2017; however, from 2018 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 ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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