Belgium: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Belgium

In 2021, the Belgian market for plastic hoses and hose fittings increased by 51% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a prominent increase. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in Belgium

In value terms, plastic hose and hose fitting production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when the production volume increased by 7.3%. Plastic hose and hose fitting production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Belgium

In 2021, overseas shipments of plastic hoses and hose fittings increased by 1.7% to X tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 +79.6% against 2015 indices. The growth pace was the most rapid in 2020 when exports increased by 35%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of plastic hose and hose fitting exports from Belgium, together accounting for 48% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +8.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic hose and hose fitting exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), together accounting for 46% of total exports. Italy, Austria, Poland, the UK, the Czech Republic, the United States, Finland, Russia, Luxembourg and Algeria lagged somewhat behind, together comprising a further 29%.

The United States, with a CAGR of +10.9%, 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

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Belgium

In 2021, the amount of plastic hoses and hose fittings imported into Belgium surged to X tons, growing by 39% compared with the previous year. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.3% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 28%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest plastic hose and hose fitting supplier to Belgium, accounting for a 36% share of total imports. Moreover, plastic hose and hose fitting imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. France (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.3% per year) and France (+7.2% per year).

In value terms, the largest plastic hose and hose fitting suppliers to Belgium were Germany ($X), France ($X) and the Netherlands ($X), together comprising 56% of total imports. The United States, Italy, Austria, China, Sweden, the UK, Japan and Spain lagged somewhat behind, together accounting for a further 34%.

Austria, with a CAGR of +30.2%, recorded the highest growth rate of the value of imports, among 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 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, waning by -16.5% against the previous year. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 13%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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