Belgium: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Belgium

The Belgian machine-tool for working wood market skyrocketed to $X in 2021, with an increase of 50% against the previous year. In general, consumption recorded a remarkable increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Machine-Tools For Working Wood in Belgium

In value terms, machine-tool for working wood production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 147% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Belgium

In 2021, shipments abroad of machine-tools for working wood increased by 13% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, machine-tool for working wood exports soared to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of machine-tool for working wood exports from Belgium, with a combined 53% share of total exports. Poland, Luxembourg, Sweden, the UK, the Czech Republic, Spain, Italy, Denmark and Norway lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +42.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for machine-tool for working wood exported from Belgium worldwide, with a combined 53% share of total exports. These countries were followed by Poland, the UK, Italy, Sweden, Spain, the Czech Republic, Luxembourg, Denmark and Norway, which together accounted for a further 30%.

In terms of the main countries of destination, Spain, with a CAGR of +22.5%, 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

In 2021, the average machine-tool for working wood export price amounted to $X per ton, growing by 16% against the previous year. Overall, the export price, however, recorded a abrupt decline. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Luxembourg ($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 Norway (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Wood

Imports into Belgium

In 2021, approx. X tons of machine-tools for working wood were imported into Belgium; rising by 35% on the previous year. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, machine-tool for working wood imports surged to $X in 2021. Overall, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of machine-tool for working wood imports to Belgium, together accounting for 71% of total imports. These countries were followed by the Netherlands, France, Taiwan (Chinese) and Austria, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood suppliers to Belgium were Italy ($X), Germany ($X) and China ($X), with a combined 77% share of total imports.

China, with a CAGR of +16.0%, 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

The average machine-tool for working wood import price stood at $X per ton in 2021, falling by -3.6% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 4.9%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the price for France ($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) (-5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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