Belgium: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in Belgium

In 2022, the Belgian machine-tool for drilling market decreased by -58.6% to $X, falling for the second consecutive year after three years of growth. In general, consumption continues to indicate a noticeable contraction. Machine-tool for drilling consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in overseas shipments of machine-tools for drilling, boring or milling metal, when their volume decreased by -17.5% to X units. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 61%. Over the period under review, the exports attained the maximum at X units in 2021, and then fell rapidly in the following year.

In value terms, machine-tool for drilling exports reduced notably to $X in 2022. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 85%. Over the period under review, the exports reached the peak figure 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 machine-tool for drilling exports from Belgium, with a 45% share of total exports. Moreover, machine-tool for drilling exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by the Czech Republic (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.2% per year) and the Czech Republic (+68.0% per year).

In value terms, the largest markets for machine-tool for drilling exported from Belgium were the Netherlands ($X), Germany ($X) and the Czech Republic ($X), together comprising 43% of total exports.

The Czech Republic, with a CAGR of +27.2%, saw the highest rates of growth with regard to 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

In 2022, the average machine-tool for drilling export price amounted to $X per unit, with a decrease of -23.4% against the previous year. In general, the export price saw a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 45% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the United Arab Emirates ($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 Libya (+4.5%), while the prices for the other major destinations experienced a decline.

Machine-Tool For Drilling Imports

Imports into Belgium

In 2022, purchases abroad of machine-tools for drilling, boring or milling metal decreased by -40.6% to X units, falling for the second year in a row after four years of growth. Overall, imports, however, saw temperate growth. The pace of growth was the most pronounced in 2017 with an increase of 87% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports dropped sharply to $X in 2022. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of machine-tool for drilling imports to Belgium, together accounting for 60% of total imports. Spain, Taiwan (Chinese), France, Italy and the United States lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +29.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for drilling suppliers to Belgium were the Netherlands ($X), Spain ($X) and Germany ($X), with a combined 55% share of total imports.

Spain, with a CAGR of +20.5%, saw 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 mixed trend patterns.

Import Prices by Country

In 2022, the average machine-tool for drilling import price amounted to $X per unit, surging by 41% against the previous year. Overall, the import price, however, saw a deep slump. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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