Belgium: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Belgium

The Belgian wood milling machine market skyrocketed to $X in 2021, rising by 164% against the previous year. Over the period under review, consumption posted a strong increase. Wood milling machine consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Wood Milling Machine Production in Belgium

In value terms, wood milling machine production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a dramatic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 5.4%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Belgium

In 2021, exports of planing, milling or moulding machines from Belgium fell to X units, reducing by -9.3% compared with 2020. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.3% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 35%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, wood milling machine exports surged to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units) was the main destination for wood milling machine exports from Belgium, accounting for a 42% share of total exports. Moreover, wood milling machine exports to Poland exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by France (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.9% per year) and France (-0.9% per year).

In value terms, Germany ($X), Poland ($X) and France ($X) constituted the largest markets for wood milling machine exported from Belgium worldwide, together accounting for 62% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +34.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, with an increase of 34% against the previous year. In general, the export price, however, showed a noticeable descent. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Austria ($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 the UK (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Belgium

In 2021, approx. X units of planing, milling or moulding machines were imported into Belgium; growing by 29% on the previous year's figure. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 89%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports surged to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of wood milling machine imports to Belgium, together accounting for 68% of total imports. These countries were followed by Spain, Mexico, Germany, Austria and the Netherlands, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +130.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of planing, milling or moulding machines to Belgium, comprising 46% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+31.4% per year) and China (+29.5% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 23%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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