Belgium: Test And Measurement Market 2025

Test And Measurement Market Size in Belgium

The Belgian test and measurement market rose remarkably to $X in 2021, growing by 8.6% against the previous year. Overall, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Test And Measurement Production in Belgium

In value terms, test and measurement production surged to $X in 2021 estimated in export price. Over the period under review, production saw a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 51%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Test And Measurement Exports

Exports from Belgium

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported from Belgium skyrocketed to X units, with an increase of 19% compared with the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 121% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, test and measurement exports soared to $X in 2021. Over the period under review, exports saw a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 45%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

The UK (X units), France (X units) and Italy (X units) were the main destinations of test and measurement exports from Belgium, with a combined 55% share of total exports. These countries were followed by Poland, Germany, the Netherlands, Brazil, Turkey, Austria, Spain, China, Finland and Sweden, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +60.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for test and measurement exported from Belgium were France ($X), the UK ($X) and Germany ($X), with a combined 33% share of total exports. Italy, the Netherlands, Spain, Poland, Brazil, Sweden, China, Turkey, Austria and Finland lagged somewhat behind, together accounting for a further 34%.

Brazil, with a CAGR of +28.8%, saw the highest growth rate of 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 2021, the average test and measurement export price amounted to $X per unit, shrinking by -2.9% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 5.2% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the UK ($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 Austria (-5.5%), while the prices for the other major destinations experienced a decline.

Test And Measurement Imports

Imports into Belgium

In 2021, purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -7.1% to X units for the first time since 2016, thus ending a four-year rising trend. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 70%. Over the period under review, imports reached the peak figure at X units in 2020, and then declined in the following year.

In value terms, test and measurement imports skyrocketed to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.4% against 2015 indices. The pace of growth appeared the most rapid in 2019 with an increase of 28%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Japan (X units), Germany (X units) and China (X units) were the main suppliers of test and measurement imports to Belgium, with a combined 52% share of total imports. These countries were followed by France, South Korea, the Netherlands and the Czech Republic, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +152.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments and apparatus for measuring or checking pressure of liquids or gasses to Belgium, comprising 30% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by Japan, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.3% per year) and Japan (+3.9% per year).

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2021, growing by 25% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 26%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for France ($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 Czech Republic (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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