Belgium: Mounted Piezo-Electric Crystals Market 2025

Mounted Piezo-Electric Crystals Market Size in Belgium

The Belgian mounted piezo-electric crystals market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mounted Piezo-Electric Crystals Production in Belgium

In value terms, mounted piezo-electric crystals production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 6.9%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Mounted Piezo-Electric Crystals Exports

Exports from Belgium

In 2021, after two years of growth, there was significant decline in shipments abroad of mounted piezo-electric crystals, when their volume decreased by -11% to X units. Over the period under review, exports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2020 with an increase of 66% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, mounted piezo-electric crystals exports skyrocketed to $X in 2021. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 55%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for mounted piezo-electric crystals exports from Belgium, with a 23% share of total exports. Moreover, mounted piezo-electric crystals exports to Germany exceeded the volume sent to the second major destination, Italy (X units), twofold. The UK (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+5.4% per year) and the UK (-4.3% per year).

In value terms, the largest markets for mounted piezo-electric crystals exported from Belgium were Germany ($X), Israel ($X) and Italy ($X), together accounting for 41% of total exports. These countries were followed by the UK, Ireland, France, Russia, Poland, Spain, the Netherlands, the Czech Republic, Sweden and Slovenia, which together accounted for a further 33%.

Ireland, with a CAGR of +70.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average mounted piezo-electric crystals export price amounted to $X per thousand units, picking up by 68% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained 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 2021, the country with the highest price was Israel ($X per thousand units), while the average price for exports to Spain ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Piezo-Electric Crystals Imports

Imports into Belgium

In 2021, the amount of mounted piezo-electric crystals imported into Belgium skyrocketed to X units, with an increase of 107% against the previous year. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounted piezo-electric crystals imports skyrocketed to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.5% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of mounted piezo-electric crystals imports to Belgium, together accounting for 82% of total imports. These countries were followed by Taiwan (Chinese), South Korea, Japan, the United States, the UK and Italy, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mounted piezo-electric crystals suppliers to Belgium were China ($X), Taiwan (Chinese) ($X) and Germany ($X), together accounting for 66% of total imports.

Taiwan (Chinese), with a CAGR of +24.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounted piezo-electric crystals import price stood at $X per thousand units in 2021, reducing by -20.9% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 133%. Over the period under review, average import prices hit record highs at $X per thousand units in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per thousand units), while the price for the Netherlands ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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