Belgium: Hydraulic Press Market 2024

Hydraulic Press Market Size in Belgium

The Belgian hydraulic press market rose rapidly to $X in 2022, with an increase of 13% against the previous year. Overall, consumption enjoyed a remarkable increase. Hydraulic press consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hydraulic Press Production in Belgium

In value terms, hydraulic press production rose modestly to $X in 2022 estimated in export price. In general, production showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 155% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydraulic Press Exports

Exports from Belgium

In 2022, shipments abroad of hydraulic presses for working metal increased by 8.8% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 118%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic press exports contracted to $X in 2022. In general, exports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2014 with an increase of 546%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), the Czech Republic (X units) and Romania (X units) were the main destinations of hydraulic press exports from Belgium, with a combined 43% share of total exports. The Netherlands, Poland, Sweden, Croatia, Finland, Germany, the UK, Bulgaria, Slovakia and the United States lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +100.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic press exported from Belgium were the Netherlands ($X), Germany ($X) and the United States ($X), with a combined 54% share of total exports. France, Poland, Romania, the Czech Republic, the UK, Croatia, Sweden, Slovakia, Bulgaria and Finland lagged somewhat behind, together comprising a further 25%.

Croatia, with a CAGR of +102.7%, 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 2022, the average hydraulic press export price amounted to $X per unit, waning by -13.6% against the previous year. Overall, the export price saw a sharp contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 196% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Finland ($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 Croatia (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Press Imports

Imports into Belgium

In 2022, hydraulic press imports into Belgium surged to X units, with an increase of 18% compared with the previous year. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 138% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic press imports shrank to $X in 2022. In general, imports enjoyed measured growth. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic press supplier to Belgium, with a 44% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.7% per year) and Taiwan (Chinese) (+91.0% per year).

In value terms, Germany ($X) constituted the largest supplier of hydraulic presses for working metal to Belgium, comprising 29% of total imports. The second position in the ranking was taken by Finland ($X), with a 12% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+2.8% per year) and Italy (+0.2% per year).

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, dropping by -18.8% against the previous year. In general, the import price showed a deep slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 75%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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