Belgium: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Belgium

In 2021, the Belgian filling containers machinery market increased by 14% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption enjoyed a remarkable increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Filling Containers Machinery Production in Belgium

In value terms, filling containers machinery production soared to $X in 2021 estimated in export price. In general, production saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 507% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Filling Containers Machinery Exports

Exports from Belgium

In 2021, approx. X units of machinery for filling, closing, sealing, capsuling or labelling containers were exported from Belgium; with an increase of 42% on the previous year. Over the period under review, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% 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 +132.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 82%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, filling containers machinery exports soared to $X in 2021. In general, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +50.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 58%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Egypt (X units), Luxembourg (X units) and the United States (X units) were the main destinations of filling containers machinery exports from Belgium, together accounting for 35% of total exports. These countries were followed by Germany, France, Angola, the UK, the Netherlands, Norway, Poland, China, Canada and the United Arab Emirates, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +132.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for filling containers machinery exported from Belgium were the United States ($X), the Netherlands ($X) and France ($X), with a combined 35% share of total exports. Germany, the UK, Egypt, Luxembourg, Canada, Angola, Poland, Norway, China and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

Norway, with a CAGR of +93.0%, saw the highest rates of growth with regard to the value of exports, among 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 filling containers machinery export price stood at $X per unit in 2021, shrinking by -15.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 60%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Luxembourg ($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 the United Arab Emirates (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Belgium

In 2021, filling containers machinery imports into Belgium skyrocketed to X units, growing by 38% compared with 2020. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, filling containers machinery imports reduced to $X in 2021. In general, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% 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 +68.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 71%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of filling containers machinery imports to Belgium, together comprising 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest filling containers machinery suppliers to Belgium, together comprising 76% of total imports.

Among the main suppliers, the United States, with a CAGR of +11.0%, saw the highest growth rate of 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

In 2021, the average filling containers machinery import price amounted to $X per unit, declining by -28.5% against the previous year. Overall, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 110%. As a result, import price attained the peak level of $X per unit, and then fell remarkably in the following year.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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