Belgium: Metal Chain Parts Market 2024

Metal Chain Parts Market Size in Belgium

In 2022, the Belgian metal chain parts market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Metal Chain Parts Production in Belgium

In value terms, metal chain parts production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Metal Chain Parts Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in shipments abroad of parts of chains of iron or steel, when their volume decreased by X% to X tons. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal chain parts exports contracted significantly to $X in 2022. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for metal chain parts exports from Belgium, accounting for a X% share of total exports. Moreover, metal chain parts exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), threefold. Russia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Russia (X% per year).

In value terms, the UK ($X) emerged as the key foreign market for parts of chains of iron or steel exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The average metal chain parts export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Parts Imports

Imports into Belgium

In 2022, approx. X tons of parts of chains of iron or steel were imported into Belgium; falling by X% on the year before. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal chain parts imports fell markedly to $X in 2022. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain parts to Belgium, accounting for a X% share of total imports. Moreover, metal chain parts imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, the largest metal chain parts suppliers to Belgium were China ($X), Sweden ($X) and Germany ($X), together comprising X% of total imports.

Sweden, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average metal chain parts import price amounted to $X per ton, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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