Belgium: Memories Market 2025

Memories Market Size in Belgium

In 2021, the Belgian memories market increased by 43% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a slight decline. Memories consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Memories Production in Belgium

In value terms, memories production fell to $X in 2021 estimated in export price. In general, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Memories production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Memories Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in overseas shipments of multichip integrated circuits: memories, which increased by 99% to X units in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,372% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, memories exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 1,043%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for memories exports from Belgium, accounting for a 37% share of total exports. Moreover, memories exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), fourfold. Israel (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+90.7% per year) and Israel (+147.5% per year).

In value terms, the largest markets for memories exported from Belgium were Germany ($X), Sweden ($X) and Israel ($X), with a combined 35% share of total exports.

Israel, with a CAGR of +137.0%, recorded the highest growth rate of 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 memories export price amounted to $X per unit, shrinking by -21% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of 49%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Estonia ($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 Italy (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into Belgium

In 2021, after two years of growth, there was significant decline in purchases abroad of multichip integrated circuits: memories, when their volume decreased by -11.8% to X units. Overall, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 581% against the previous year. Imports peaked at X units in 2020, and then reduced in the following year.

In value terms, memories imports reduced sharply to $X in 2021. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 322% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of memories to Belgium, with a 58% share of total imports. Moreover, memories imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. The Philippines (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +79.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+35.8% per year) and the Philippines (+65.9% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of multichip integrated circuits: memories to Belgium, comprising 41% of total imports. The second position in the ranking was held by Malaysia ($X), with an 8.5% share of total imports. It was followed by China, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +67.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+55.5% per year) and China (+38.8% per year).

Import Prices by Country

In 2021, the average memories import price amounted to $X per unit, with a decrease of -5.5% against the previous year. Overall, the import price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2014 an increase of 117% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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