Belgium: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Belgium

In 2021, the Belgian non-hydraulic press market increased by 87% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption continues to indicate prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Hydraulic Press Production in Belgium

In value terms, non-hydraulic press production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 577% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Non-Hydraulic Press Exports

Exports from Belgium

In 2021, after two years of growth, there was significant decline in shipments abroad of non-hydraulic presses for working metal, when their volume decreased by -17.2% to X units. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 343% against the previous year. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, non-hydraulic press exports soared to $X in 2021. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Slovenia (X units), Germany (X units) and Cyprus (X units) were the main destinations of non-hydraulic press exports from Belgium, with a combined 59% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of +1,441.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for non-hydraulic presses for working metal exports from Belgium, comprising 62% of total exports. The second position in the ranking was taken by Russia ($X), with an 8.6% share of total exports. It was followed by Slovenia, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+25.6% per year) and Slovenia (+108.9% per year).

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, growing by 43% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 43%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Cyprus ($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 Cyprus (+59.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into Belgium

In 2021, non-hydraulic press imports into Belgium soared to X units, increasing by 100% compared with the previous year. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 565%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, non-hydraulic press imports reduced markedly to $X in 2021. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 911% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2021, Japan (X units) constituted the largest non-hydraulic press supplier to Belgium, with a 56% share of total imports. Moreover, non-hydraulic press imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +69.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.5% per year) and Germany (+28.4% per year).

In value terms, Japan ($X) constituted the largest supplier of non-hydraulic presses for working metal to Belgium, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by China, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.5% per year) and China (+13.2% per year).

Import Prices by Country

In 2021, the average non-hydraulic press import price amounted to $X per unit, waning by -64.6% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 185%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained 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 Italy ($X per unit), while the price for Hong Kong SAR ($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 (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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