Belgium: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in Belgium

In 2021, the Belgian iron or steel towers market decreased by -82.6% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption continues to indicate a abrupt shrinkage. Iron or steel towers consumption peaked at $X in 2020, and then fell significantly in the following year.

Production of Iron Or Steel Towers And Lattice Masts in Belgium

In value terms, iron or steel towers production rose to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Belgium

In 2021, approx. X tons of iron or steel towers and lattice masts were exported from Belgium; growing by 3,258% on 2020 figures. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel towers exports soared to $X in 2021. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for iron or steel towers exports from Belgium, with a 98% share of total exports. It was followed by the United States (X tons), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +125.2%.

In value terms, France ($X) remains the key foreign market for iron or steel towers and lattice masts exports from Belgium, comprising 95% of total exports. The second position in the ranking was taken by the United States ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France amounted to +138.5%.

Export Prices by Country

The average iron or steel towers export price stood at $X per ton in 2021, shrinking by -30.2% against the previous year. Overall, the export price saw a abrupt decline. The growth pace was the most rapid in 2018 an increase of 634% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+59.9%).

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Belgium

In 2021, the amount of iron or steel towers and lattice masts imported into Belgium shrank remarkably to X tons, which is down by -60.6% against 2020 figures. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 299% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then fell sharply in the following year.

In value terms, iron or steel towers imports contracted dramatically to $X in 2021. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 328% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

Spain (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of iron or steel towers imports to Belgium, together comprising 50% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +446.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel towers suppliers to Belgium were Spain ($X), Germany ($X) and Denmark ($X), together accounting for 48% of total imports.

Spain, with a CAGR of +357.0%, 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 iron or steel towers import price stood at $X per ton in 2021, dropping by -8.9% against the previous year. Over the period under review, the import price showed a mild slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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