Belgium: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Belgium

In 2021, the Belgian multiple-walled insulating glass unit market increased by 0.9% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a noticeable reduction. 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.

Production of Multiple-Walled Insulating Units Of Glass in Belgium

In value terms, multiple-walled insulating glass unit production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 12% against the previous year. Multiple-walled insulating glass unit production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Belgium

In 2021, multiple-walled insulating glass unit exports from Belgium expanded to X square meters, growing by 4% compared with the year before. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 75% against the previous year. As a result, the exports attained the peak of X square meters. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, multiple-walled insulating glass unit exports shrank to $X in 2021. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 28%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X square meters) was the main destination for multiple-walled insulating glass unit exports from Belgium, accounting for a 82% share of total exports. Moreover, multiple-walled insulating glass unit exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X square meters), eightfold. Germany (X square meters) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+18.5% per year) and Germany (+13.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Belgium, comprising 79% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 9.1% share of total exports. It was followed by Germany, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+14.5% per year) and Germany (+10.6% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, reducing by -8% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per square meter in 2018; however, from 2019 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 ($X per square meter), while the average price for exports to Luxembourg ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Belgium

In 2021, multiple-walled insulating glass unit imports into Belgium skyrocketed to X square meters, jumping by 18% compared with 2020 figures. In general, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.9% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 47% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, multiple-walled insulating glass unit imports shrank modestly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X square meters), Germany (X square meters) and Poland (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Belgium, together comprising 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +67.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Poland ($X) were the largest multiple-walled insulating glass unit suppliers to Belgium, together comprising 67% of total imports.

Poland, with a CAGR of +55.7%, saw the highest rates of growth with regard to 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

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2021, declining by -16.1% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 18% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for France ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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