Belgium: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Belgium

The Belgian machine tool for metal market reached $X in 2021, with an increase of 1.7% against the previous year. Overall, consumption, however, showed a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Belgium

In value terms, machine tool for metal production shrank remarkably to $X in 2021 estimated in export price. In general, production enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 4.1% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined remarkably in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Belgium

In 2021, shipments abroad of machine tools for working metal without removing metal increased by 4.2% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 3,095%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, machine tool for metal exports dropped modestly to $X in 2021. Overall, exports showed noticeable growth. The growth pace was the most rapid in 2013 with an increase of 259%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for machine tool for metal exports from Belgium, with a 45% share of total exports. Moreover, machine tool for metal exports to France exceeded the volume sent to the second major destination, Algeria (X units), threefold. Slovenia (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +76.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+101.2% per year) and Slovenia (+363.2% per year).

In value terms, Algeria ($X), France ($X) and the United States ($X) appeared to be the largest markets for machine tool for metal exported from Belgium worldwide, together accounting for 64% of total exports. These countries were followed by Germany, Slovenia, Italy, Poland and the Netherlands, which together accounted for a further 13%.

In terms of the main countries of destination, Slovenia, with a CAGR of +122.8%, saw the highest growth rate of 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 machine tool for metal export price stood at $X per unit in 2021, reducing by -5% against the previous year. In general, the export price showed a precipitous setback. The pace of growth appeared the most rapid in 2018 an increase of 380%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 New Zealand (+42.2%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Belgium

After two years of growth, overseas purchases of machine tools for working metal without removing metal decreased by -2.9% to X units in 2021. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 114%. Imports peaked at X units in 2020, and then dropped modestly in the following year.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2018 when imports increased by 172%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and France (X units) were the main suppliers of machine tool for metal imports to Belgium, with a combined 72% share of total imports. The Netherlands, Spain, Italy and Japan lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +129.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest machine tool for metal suppliers to Belgium, with a combined 83% share of total imports. These countries were followed by Italy, Spain, China and Japan, which together accounted for a further 13%.

In terms of the main suppliers, Spain, with a CAGR of +122.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, increasing by 34% against the previous year. In general, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 176%. The import price peaked at $X per unit in 2013; however, from 2014 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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