Belgium: Laser Market 2025

Laser Market Size in Belgium

In 2021, the Belgian laser market was finally on the rise to reach $X after two years of decline. In general, consumption saw a significant expansion. Laser consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Laser Exports

Exports from Belgium

In 2021, after four years of growth, there was significant decline in shipments abroad of lasers, other than laser diodes, when their volume decreased by -9.8% to X units. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 139% against the previous year. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, laser exports declined notably to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 111%. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

France (X units), Germany (X units) and Slovakia (X units) were the main destinations of laser exports from Belgium, together comprising 43% of total exports.

From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +83.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for laser exported from Belgium worldwide, with a combined 41% share of total exports. France, Slovakia, Canada, Italy, Israel, India, Costa Rica, the Czech Republic, Democratic Republic of the Congo and Luxembourg lagged somewhat behind, together comprising a further 31%.

Democratic Republic of the Congo, with a CAGR of +60.2%, recorded the highest growth rate of the value of exports, in terms of 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

The average laser export price stood at $X per unit in 2021, waning by -13.3% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 6.2%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.0%), while the prices for the other major destinations experienced a decline.

Laser Imports

Imports into Belgium

Laser imports into Belgium skyrocketed to X units in 2021, growing by 75% against 2020 figures. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 276% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, laser imports declined significantly to $X in 2021. In general, imports posted pronounced growth. The pace of growth appeared the most rapid in 2019 with an increase of 75% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of laser to Belgium, with a 80% share of total imports. Moreover, laser imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by the United States (X units), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.7% per year) and the United States (+3.9% per year).

In value terms, Germany ($X) constituted the largest supplier of laser to Belgium, comprising 34% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by China, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.8% per year) and China (+11.7% per year).

Import Prices by Country

In 2021, the average laser import price amounted to $X per unit, dropping by -51.4% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 108% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :