Belgium: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Belgium

In 2021, the Belgian market for in-hand motor grinders, sanders and planers was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw resilient growth. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Belgium

In 2021, overseas shipments of in-hand motor grinders, sanders and planers increased by 24% to X units, rising for the fifth consecutive year after three years of decline. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 82%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.6% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 33%. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

France (X units), the Netherlands (X units) and Poland (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Belgium, together accounting for 48% of total exports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +20.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Belgium were Germany ($X), France ($X) and Poland ($X), together comprising 41% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +20.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2016 an increase of 17%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Belgium

In 2021, the amount of in-hand motor grinders, sanders and planers imported into Belgium surged to X units, picking up by 19% compared with the previous year. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 38% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Belgium, accounting for a 64% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was held by the Netherlands (X units), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.2% per year) and the Netherlands (+22.8% per year).

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Belgium were China ($X), Sweden ($X) and Germany ($X), with a combined 64% share of total imports. France, the Czech Republic, Mexico, the Netherlands and Romania lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Romania, with a CAGR of +26.2%, saw 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

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, growing by 3.9% against the previous year. Overall, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in 2015 an increase of 25%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :