Belgium: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Belgium

The Belgian non-numerically controlled sharpening machine market skyrocketed to $X in 2022, jumping by 146% against the previous year. Overall, consumption showed a strong increase. Non-numerically controlled sharpening machine consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Belgium

In value terms, non-numerically controlled sharpening machine production contracted markedly to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. The growth pace was the most rapid in 2013 with an increase of 58%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Belgium

In 2022, exports of non-numerically controlled sharpening machines for working metal from Belgium contracted dramatically to X units, declining by -45.9% compared with the previous year. In general, exports showed a pronounced decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 126%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports dropped sharply to $X in 2022. Overall, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for non-numerically controlled sharpening machine exports from Belgium, with a 38% share of total exports. Moreover, non-numerically controlled sharpening machine exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.3% per year) and the Netherlands (-14.3% per year).

In value terms, the largest markets for non-numerically controlled sharpening machine exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), together accounting for 55% of total exports. Poland, Italy, Sweden, Spain, the Czech Republic, Estonia, Luxembourg, Nigeria and Portugal lagged somewhat behind, together comprising a further 22%.

Italy, with a CAGR of +4.2%, saw 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 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, which is down by -12.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 51%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Portugal ($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 the Netherlands (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Belgium

In 2022, supplies from abroad of non-numerically controlled sharpening machines for working metal decreased by -42.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 95%. Imports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, non-numerically controlled sharpening machine imports declined markedly to $X in 2022. Overall, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when imports increased by 101% against the previous year. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of non-numerically controlled sharpening machine imports to Belgium, with a combined 87% share of total imports. France, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-numerically controlled sharpening machine suppliers to Belgium were Germany ($X), Italy ($X) and China ($X), together accounting for 72% of total imports. France, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, France, with a CAGR of +8.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, dropping by -32.6% against the previous year. Over the period under review, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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