Belgium: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Belgium

After four years of growth, the Belgian metal gas appliances market decreased by -11.4% to $X in 2022. Overall, consumption recorded a mild reduction. Metal gas appliances consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Metal Gas Appliances Production in Belgium

In value terms, metal gas appliances production expanded significantly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 59% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Metal Gas Appliances Exports

Exports from Belgium

After two years of growth, shipments abroad of iron or steel gas domestic appliances decreased by -52.5% to X units in 2022. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 73%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metal gas appliances exports shrank notably to $X in 2022. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for metal gas appliances exports from Belgium, with a 49% share of total exports. Moreover, metal gas appliances exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X units), fourfold. France (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+17.2% per year) and France (-20.1% per year).

In value terms, the largest markets for metal gas appliances exported from Belgium were the Netherlands ($X), France ($X) and Spain ($X), with a combined 53% share of total exports. Luxembourg, the UK, Germany, Sweden and Poland lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, Sweden, with a CAGR of +12.2%, saw 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

In 2022, the average metal gas appliances export price amounted to $X per unit, rising by 15% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal gas appliances export price increased by +17.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 51% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Poland ($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 the UK (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports into Belgium

After two years of growth, supplies from abroad of iron or steel gas domestic appliances decreased by -29.6% to X units in 2022. In general, imports recorded a mild descent. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal gas appliances imports dropped markedly to $X in 2022. Overall, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of metal gas appliances imports to Belgium, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Slovakia ($X) appeared to be the largest metal gas appliances suppliers to Belgium, together accounting for 92% of total imports.

China, with a CAGR of +6.4%, saw 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 mixed trend patterns.

Import Prices by Country

In 2022, the average metal gas appliances import price amounted to $X per unit, declining by -14.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 106% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, 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 Slovakia ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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