Belgium: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Belgium

After two years of growth, the Belgian metal solid fuel appliances market decreased by -48.7% to $X in 2022. In general, consumption saw a perceptible reduction. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Belgium

In value terms, metal solid fuel appliances production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Belgium

In 2022, the amount of iron or steel solid fuel domestic appliances exported from Belgium surged to X units, jumping by 39% compared with the previous year's figure. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 147%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, metal solid fuel appliances exports expanded significantly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 72%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units) was the main destination for metal solid fuel appliances exports from Belgium, accounting for a 72% share of total exports. Moreover, metal solid fuel appliances exports to Poland exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The third position in this ranking was held by France (X units), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.4% per year) and France (-10.5% per year).

In value terms, France ($X) remains the key foreign market for iron or steel solid fuel domestic appliances exports from Belgium, comprising 43% of total exports. The second position in the ranking was taken by Poland ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+25.8% per year) and the Netherlands (+1.2% per year).

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, declining by -21.5% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Poland ($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 France (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Belgium

In 2022, supplies from abroad of iron or steel solid fuel domestic appliances decreased by -5.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 91%. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, metal solid fuel appliances imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), China (X units) and Austria (X units) were the main suppliers of metal solid fuel appliances imports to Belgium, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +52.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to Belgium, comprising 40% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.7% per year) and Austria (+18.3% per year).

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, jumping by 39% against the previous year. In general, the import price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 39%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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