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

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

The Belgian numerically controlled sharpening machine market declined significantly to $X in 2022, waning by -65.2% against the previous year. In general, consumption showed a noticeable setback. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Production of Numerically Controlled Sharpening Machines For Working Metal in Belgium

In value terms, numerically controlled sharpening machine production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible decline. The growth pace was the most rapid in 2013 when the production volume increased by 1.1% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from Belgium

In 2022, shipments abroad of numerically controlled sharpening machines for working metal decreased by -44.6% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 280% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, numerically controlled sharpening machine exports dropped significantly to $X in 2022. In general, exports saw a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 88%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for numerically controlled sharpening machine exports from Belgium, with a 40% share of total exports. Moreover, numerically controlled sharpening machine exports to the Netherlands exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), twofold. France (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+44.3% per year) and France (+21.5% per year).

In value terms, the largest markets for numerically controlled sharpening machine exported from Belgium were the Netherlands ($X), Germany ($X) and Hungary ($X), together accounting for 53% of total exports. Democratic Republic of the Congo, France, Luxembourg, Poland and Cameroon lagged somewhat behind, together accounting for a further 22%.

Luxembourg, with a CAGR of +53.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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 numerically controlled sharpening machine export price amounted to $X per unit, reducing by -15.8% against the previous year. Over the period under review, the export price saw a precipitous slump. The most prominent rate of growth was recorded in 2014 an increase of 140%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Cameroon ($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 Hungary (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into Belgium

Numerically controlled sharpening machine imports into Belgium dropped sharply to X units in 2022, falling by -90.2% on 2021. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,686%. As a result, imports attained the peak of X units, and then declined remarkably in the following year.

In value terms, numerically controlled sharpening machine imports contracted to $X in 2022. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 396% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the United States (X units) and France (X units) were the main suppliers of numerically controlled sharpening machine imports to Belgium, together accounting for 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +46.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of numerically controlled sharpening machines for working metal to Belgium, comprising 61% of total imports. The second position in the ranking was taken by France ($X), with a 28% share of total imports. It was followed by the United States, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.5% per year) and the United States (+6.4% per year).

Import Prices by Country

The average numerically controlled sharpening machine import price stood at $X per unit in 2022, surging by 861% against the previous year. In general, the import price, however, recorded a dramatic setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Cameroon ($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 UK (+34.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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