Belgium: Electroplating Machine Market 2024

Electroplating Machine Market Size in Belgium

In 2021, the Belgian electroplating machine market decreased by -1% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, saw significant growth. Electroplating machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Electroplating Machine Production in Belgium

In value terms, electroplating machine production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 41%. Over the period under review, production reached the peak level at $X in 2020, and then reduced modestly in the following year.

Electroplating Machine Exports

Exports from Belgium

In 2021, electroplating machine exports from Belgium reduced to X units, shrinking by -2.3% compared with the previous year's figure. Over the period under review, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 237%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electroplating machine exports shrank to $X in 2021. Overall, exports faced a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), Norway (X units) and Israel (X units) were the main destinations of electroplating machine exports from Belgium, together accounting for 86% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +318.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for electroplating machine exported from Belgium were Norway ($X), Russia ($X) and Israel ($X), together accounting for 85% of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +255.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average electroplating machine export price amounted to $X per unit, falling by -5.9% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electroplating machine export price increased by +49.3% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 39% against the previous year. The export price peaked at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while the average price for exports to Canada ($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 Morocco (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Electroplating Machine Imports

Imports into Belgium

In 2021, after two years of growth, there was significant decline in purchases abroad of machines for electroplating, electrolysis or electrophoresis, when their volume decreased by -13.7% to X units. In general, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 237% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, electroplating machine imports expanded significantly to $X in 2021. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 214% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

France (X units), Germany (X units) and China (X units) were the main suppliers of electroplating machine imports to Belgium, together comprising 57% of total imports. Spain, Turkey, Canada, Morocco, Norway, the United States, Italy, Sweden and the Netherlands lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +100.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electroplating machine suppliers to Belgium were Spain ($X), Germany ($X) and France ($X), with a combined 44% share of total imports. These countries were followed by Turkey, China, the United States, Canada, Italy, the Netherlands, Norway, Sweden and Morocco, which together accounted for a further 49%.

Among the main suppliers, Turkey, with a CAGR of +155.4%, 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 electroplating machine import price stood at $X per unit in 2021, picking up by 27% against the previous year. In general, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 159% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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