Belgium: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Belgium

In 2022, the Belgian milling industry machinery market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Milling industry machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Production in Belgium

In value terms, milling industry machinery production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Milling Industry Machinery Exports

Exports from Belgium

After two years of growth, overseas shipments of milling industry machinery decreased by X% to X units in 2022. In general, exports showed a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, milling industry machinery exports skyrocketed to $X in 2022. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X units) was the main destination for milling industry machinery exports from Belgium, with a X% share of total exports. Moreover, milling industry machinery exports to Togo exceeded the volume sent to the second major destination, the United States (X units), twofold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Togo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for milling industry machinery exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (X% per year) and Germany (X% per year).

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Poland ($X per unit), while the average price for exports to Togo ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports

Imports into Belgium

In 2022, approx. X units of milling industry machinery were imported into Belgium; waning by X% compared with the year before. Overall, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, milling industry machinery imports shrank to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest milling industry machinery supplier to Belgium, with a X% share of total imports. Moreover, milling industry machinery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. The third position in this ranking was taken by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Turkey (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of milling industry machinery to Belgium, comprising X% of total imports. The second position in the ranking was taken by Estonia ($X), with a X% share of total imports. It was followed by Finland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the average milling industry machinery import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price saw a tangible expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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