Belgium: Metal Washer Market 2025

Metal Washer Market Size in Belgium

In 2021, the Belgian metal washer market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Metal Washer Production in Belgium

In value terms, metal washer production surged to $X in 2021 estimated in export price. Overall, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 98% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Metal Washer Exports

Exports from Belgium

Metal washer exports from Belgium soared to X tons in 2021, rising by 18% compared with 2020 figures. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +128.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 94% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, metal washer exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons), France (X tons) and Brazil (X tons) were the main destinations of metal washer exports from Belgium, together comprising 61% of total exports. Germany, Spain, the United States, Mexico, Russia and the UK lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +65.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal washer exported from Belgium were France ($X), the Netherlands ($X) and the United States ($X), together accounting for 37% of total exports. Brazil, Germany, the UK, Mexico, Spain and Russia lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, Mexico, with a CAGR of +31.7%, recorded 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

The average metal washer export price stood at $X per ton in 2021, growing by 1.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to the Netherlands ($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 Russia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Belgium

In 2021, purchases abroad of iron or steel washers increased by 52% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 55%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal washer imports rose markedly to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 21%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of metal washer imports to Belgium, together comprising 74% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +54.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal washer suppliers to Belgium were Germany ($X), France ($X) and Sweden ($X), together accounting for 52% of total imports. The Netherlands, China, Italy, India, Taiwan (Chinese), Vietnam and Denmark lagged somewhat behind, together comprising a further 25%.

China, with a CAGR of +35.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, with a decrease of -28.5% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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