Belgium: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Belgium

In 2021, the Belgian panel display manufacturing machine market decreased by -83.1% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption recorded a precipitous decrease. Panel display manufacturing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Belgium

After two years of decline, overseas shipments of machines for the manufacture of flat panel displays decreased by -69.3% to X units in 2021. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 9.5%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, panel display manufacturing machine exports contracted significantly to $X in 2021. In general, exports showed a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 20,795% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for panel display manufacturing machine exports from Belgium, accounting for a 62% share of total exports. Moreover, panel display manufacturing machine exports to Germany exceeded the volume sent to the second major destination, Cyprus (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-25.0% per year) and Italy (+49.5% per year).

In value terms, Germany ($X) remains the key foreign market for panel display manufacturing machine exports from Belgium, comprising 56% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 13% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-4.1% per year) and Italy (+14.3% per year).

Export Prices by Country

The average panel display manufacturing machine export price stood at $X per unit in 2021, waning by -36.4% against the previous year. Overall, the export price recorded a precipitous setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 340%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Cyprus ($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 Cyprus (+27.8%), while the prices for the other major destinations experienced a decline.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Belgium

In 2021, overseas purchases of machines for the manufacture of flat panel displays decreased by -77.3% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 509%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine imports fell significantly to $X in 2021. Over the period under review, imports showed a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 246%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of panel display manufacturing machine to Belgium, accounting for a 63% share of total imports. Moreover, panel display manufacturing machine imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +204.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+200.0% per year) and Germany (-36.7% per year).

In value terms, China ($X), France ($X) and Germany ($X) constituted the largest panel display manufacturing machine suppliers to Belgium, together accounting for 82% of total imports. These countries were followed by Hong Kong SAR and the Netherlands, which together accounted for a further 14%.

Hong Kong SAR, with a CAGR of +196.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 panel display manufacturing machine import price amounted to $X per unit, jumping by 60% against the previous year. In general, the import price, however, saw a sharp downturn. The import price peaked at $X per unit in 2014; however, from 2015 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, the country with the highest price was the Netherlands ($X per unit), while the price for Hong Kong SAR ($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 Netherlands (+10.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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