Belgium: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in Belgium

In 2022, the Belgian paper bag machine market was finally on the rise to reach $X after four years of decline. Overall, consumption saw buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Paper Bag Machine Production in Belgium

In value terms, paper bag machine production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a noticeable increase. The pace of growth appeared the most rapid in 2020 with an increase of 199% against the previous year. Paper bag machine production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Paper Bag Machine Exports

Exports from Belgium

In 2022, shipments abroad of machines for making bags, sacks or envelopes of paper or paperboard decreased by -37.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 207% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, paper bag machine exports soared to $X in 2022. Overall, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 406% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for paper bag machine exports from Belgium, accounting for a 85% share of total exports. Moreover, paper bag machine exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (0.0% per year) and Argentina (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for machines for making bags, sacks or envelopes of paper or paperboard exports from Belgium, comprising 77% of total exports. The second position in the ranking was taken by Argentina ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +75.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+56.7% per year) and Taiwan (Chinese) (0.0% per year).

Export Prices by Country

In 2022, the average paper bag machine export price amounted to $X per unit, surging by 183% against the previous year. Overall, the export price enjoyed buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Mexico (+137.8%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Machine Imports

Imports into Belgium

In 2022, approx. X units of machines for making bags, sacks or envelopes of paper or paperboard were imported into Belgium; increasing by 182% on the previous year. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 267%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, paper bag machine imports surged to $X in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 619%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Turkey (X units) and China (X units) were the main suppliers of paper bag machine imports to Belgium.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +44.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest paper bag machine suppliers to Belgium were Germany ($X), Turkey ($X) and China ($X), together comprising 99% of total imports.

Among the main suppliers, China, with a CAGR of +203.6%, 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

In 2022, the average paper bag machine import price amounted to $X per unit, with a decrease of -23.2% against the previous year. Overall, the import price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 356%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+51.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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