Belgium: Wire And Cable Market 2025

Wire And Cable Market Size in Belgium

In 2021, the Belgian wire and cable market increased by 15% to $X, rising for the fifth consecutive year after four years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Wire And Cable Production in Belgium

In value terms, wire and cable production reduced to $X in 2021 estimated in export price. In general, production recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 12% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wire And Cable Exports

Exports from Belgium

In 2021, overseas shipments of insulated wire and cable increased by 11% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, continue to indicate a slight descent. The pace of growth appeared the most rapid in 2020 when exports increased by 15%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wire and cable exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of wire and cable exports from Belgium, together accounting for 60% of total exports. The UK, Italy, Spain and Luxembourg lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +16.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), with a combined 53% share of total exports. These countries were followed by the UK, Italy, Spain and Luxembourg, which together accounted for a further 13%.

Spain, with a CAGR of +8.5%, recorded the highest rates of growth with regard to 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 wire and cable export price amounted to $X per ton, picking up by 7.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in purchases abroad of insulated wire and cable, which increased by 30% to X tons in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% 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 +84.0% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports skyrocketed to $X in 2021. In general, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +101.3% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of wire and cable imports to Belgium, together accounting for 51% of total imports. Germany, China, Spain, Turkey and Portugal lagged somewhat behind, together comprising a further 33%.

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 +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Germany ($X) appeared to be the largest wire and cable suppliers to Belgium, with a combined 33% share of total imports. France, the Netherlands, Turkey, Spain and Portugal lagged somewhat behind, together comprising a further 28%.

Spain, with a CAGR of +14.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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