Belgium: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Belgium

In 2021, the Belgian hydraulic automatic regulators market increased by 16% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Hydraulic automatic regulators consumption peaked in 2021 and is likely to continue growth in the near future.

Hydraulic Automatic Regulators Production in Belgium

In value terms, hydraulic automatic regulators production expanded modestly to $X in 2021 estimated in export price. Overall, production showed a slight expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 45% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Hydraulic Automatic Regulators Exports

Exports from Belgium

Hydraulic automatic regulators exports from Belgium declined to X units in 2021, with a decrease of -14.8% on the year before. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 203%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydraulic automatic regulators exports reduced dramatically to $X in 2021. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 176% against the previous year. The exports peaked at $X in 2020, and then contracted notably in the following year.

Exports by Country

The United Arab Emirates (X units), France (X units) and Luxembourg (X units) were the main destinations of hydraulic automatic regulators exports from Belgium, with a combined 47% share of total exports. Brazil, the United States, Germany, the UK, China, India, Italy, Congo, Spain and the Netherlands lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +39.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic automatic regulators exported from Belgium were the United States ($X), the UK ($X) and France ($X), with a combined 64% share of total exports. These countries were followed by the United Arab Emirates, China, Brazil, Germany, India, Spain, Italy, the Netherlands, Congo and Luxembourg, which together accounted for a further 21%.

The United Arab Emirates, with a CAGR of +52.8%, 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

The average hydraulic automatic regulators export price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 110%. The export price peaked at $X per unit in 2020, and then shrank slightly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Luxembourg ($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 the UK (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Automatic Regulators Imports

Imports into Belgium

In 2021, imports of hydraulic or pneumatic automatic regulating instruments into Belgium rose sharply to X units, with an increase of 6.4% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 33% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hydraulic automatic regulators imports plummeted to $X in 2021. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 79% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and China (X units) were the main suppliers of hydraulic automatic regulators imports to Belgium, with a combined 49% share of total imports. These countries were followed by Spain, Italy, France and the United States, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +52.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) appeared to be the largest hydraulic automatic regulators suppliers to Belgium, with a combined 49% share of total imports. These countries were followed by Spain, China, the Netherlands and Italy, which together accounted for a further 21%.

Among the main suppliers, Spain, with a CAGR of +63.8%, 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

In 2021, the average hydraulic automatic regulators import price amounted to $X per unit, dropping by -30.3% against the previous year. Over the period under review, the import price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 52% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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