Belgium: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Belgium

The Belgian market for grinding, sanding and polishing machines rose remarkably to $X in 2021, surging by 5% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Production of Grinding, Sanding and Polishing Machines in Belgium

In value terms, grinding, sanding and polishing machine production rose modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of grinding, sanding and polishing machines, which increased by 44% to X units in 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 239%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2021. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2020 with an increase of 182% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X units), Germany (X units) and the Netherlands (X units) were the main destinations of grinding, sanding and polishing machine exports from Belgium, with a combined 68% share of total exports. These countries were followed by France, Portugal, Spain, the Czech Republic and South Africa, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +104.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) were the largest markets for grinding, sanding and polishing machine exported from Belgium worldwide, together accounting for 58% of total exports. Italy, the Czech Republic, Portugal, Spain and South Africa lagged somewhat behind, together accounting for a further 24%.

Portugal, with a CAGR of +138.2%, recorded the highest growth rate of 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

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, waning by -15.1% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 42% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Italy ($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 Portugal (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Belgium

In 2021, approx. X units of grinding, sanding and polishing machines were imported into Belgium; increasing by 11% compared with the year before. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 307%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. In general, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Belgium, with a 86% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+64.5% per year) and Germany (-0.1% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) were the largest grinding, sanding and polishing machine suppliers to Belgium, together comprising 57% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +55.4%, recorded the highest growth rate of 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 import price for grinding, sanding and polishing machines stood at $X per unit in 2021, increasing by 63% against the previous year. Overall, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 112% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 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, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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