Belgium: Machinery For Packing Market 2024

Machinery For Packing Market Size in Belgium

The Belgian machinery for packing market fell remarkably to $X in 2022, with a decrease of -47.7% against the previous year. In general, consumption saw a slight decrease. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machinery For Packing Production in Belgium

In value terms, machinery for packing production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 49% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Machinery For Packing Exports

Exports from Belgium

In 2022, approx. X units of machinery for packing or wrapping were exported from Belgium; waning by -31.4% compared with 2021 figures. Over the period under review, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, machinery for packing exports plummeted to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 35%. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

The United States (X units), France (X units) and the Netherlands (X units) were the main destinations of machinery for packing exports from Belgium, with a combined 53% share of total exports. Germany, Morocco, Argentina, Italy, Spain, Indonesia, Serbia, Turkey and Mexico lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +43.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for machinery for packing or wrapping exports from Belgium, comprising 35% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.0% per year) and the Netherlands (+1.7% per year).

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, reducing by -3.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2018 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Morocco ($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 the Netherlands (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Belgium

In 2022, the amount of machinery for packing or wrapping imported into Belgium dropped significantly to X units, declining by -38% on the previous year. Over the period under review, imports showed a mild slump. The pace of growth was the most pronounced in 2016 with an increase of 112%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports declined rapidly to $X in 2022. In general, imports showed a noticeable decline. The pace of growth was the most pronounced in 2016 with an increase of 49% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of machinery for packing imports to Belgium, together accounting for 60% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +47.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest machinery for packing suppliers to Belgium, with a combined 70% share of total imports. Thailand, France, Sweden, China and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Thailand, with a CAGR of +12.5%, recorded 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 machinery for packing import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 63%. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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