Belgium: Magnetic Media Market 2024

Magnetic Media Market Size in Belgium

In 2021, the Belgian magnetic media market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Magnetic Media Production in Belgium

In value terms, magnetic media production amounted to $X in 2021 estimated in export price. In general, production recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 112%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Magnetic Media Exports

Exports from Belgium

Magnetic media exports from Belgium shrank notably to X units in 2021, with a decrease of -67.4% on the previous year. Overall, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2020 when exports increased by 98%. As a result, the exports attained the peak of X units, and then declined significantly in the following year.

In value terms, magnetic media exports fell remarkably to $X in 2021. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 254% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Spain (X units) was the main destination for magnetic media exports from Belgium, with a 66% share of total exports. Moreover, magnetic media exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold. Italy (X units) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-19.8% per year) and Italy (+4.8% per year).

In value terms, Spain ($X) emerged as the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Belgium, comprising 46% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% 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 Spain amounted to +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-20.0% per year) and Italy (+1.5% per year).

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, reducing by -37.1% against the previous year. Overall, the export price recorded a deep downturn. The growth pace was the most rapid in 2020 when the average export price increased by 79%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Spain ($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 Poland (-0.1%), while the prices for the other major destinations experienced a decline.

Magnetic Media Imports

Imports into Belgium

In 2021, after three years of growth, there was significant decline in supplies from abroad of magnetic media, not recorded, except cards with a magnetic stripe, when their volume decreased by -38.8% to X units. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 149% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic media imports fell remarkably to $X in 2021. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. 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, the Netherlands (X units) constituted the largest magnetic media supplier to Belgium, with a 47% share of total imports. Moreover, magnetic media imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Germany (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.3% per year) and Germany (-12.5% per year).

In value terms, France ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Belgium, comprising 48% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-21.3% per year) and Germany (-9.2% per year).

Import Prices by Country

In 2021, the average magnetic media import price amounted to $X per unit, waning by -21.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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, amid the top importers, the country with the highest price was France ($X per unit), while the price for Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :