Belgium: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Belgium

In 2022, the Belgian plastic shutters and blinds market decreased by -77.2% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a sharp reduction. Plastic shutters and blinds consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Plastic Shutters And Blinds in Belgium

In value terms, plastic shutters and blinds production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when the production volume increased by 25%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Plastic Shutters And Blinds

Exports from Belgium

Plastic shutters and blinds exports from Belgium rose to X units in 2022, picking up by 2.7% against 2021. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic shutters and blinds exports dropped to $X in 2022. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

France (X units), Germany (X units) and the Netherlands (X units) were the main destinations of plastic shutters and blinds exports from Belgium, with a combined 79% share of total exports. The United States, Italy, the UK and Slovenia lagged somewhat behind, together comprising a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +44.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest markets for plastic shutters and blinds exported from Belgium worldwide, together accounting for 76% of total exports. The United States, the UK, Italy and Slovenia lagged somewhat behind, together comprising a further 10%.

In terms of the main countries of destination, the United States, with a CAGR of +54.4%, recorded the highest growth rate of 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

In 2022, the average plastic shutters and blinds export price amounted to $X per unit, falling by -2.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 7%. As a result, the export price reached the peak level of $X per unit, and then fell slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to France ($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 United States (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into Belgium

In 2022, supplies from abroad of plastic shutters and blinds decreased by -41.9% to X units, falling for the second consecutive year after five years of growth. Overall, imports showed a pronounced setback. The growth pace was the most rapid in 2018 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, plastic shutters and blinds imports reduced notably to $X in 2022. In general, imports saw a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

The Netherlands (X units), France (X units) and Germany (X units) were the main suppliers of plastic shutters and blinds imports to Belgium, together accounting for 70% of total imports. China, the Czech Republic, Spain, the UK and Italy lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of plastic shutters and blinds to Belgium, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.2% per year) and France (-5.7% per year).

Import Prices by Country

The average plastic shutters and blinds import price stood at $X per unit in 2022, jumping by 26% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic shutters and blinds import price increased by +78.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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