Belgium: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Belgium

The Belgian pneumatic linear acting actuator market skyrocketed to $X in 2022, surging by 15% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.4% against 2019 indices. Pneumatic linear acting actuator consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Pneumatic Linear Acting Actuators in Belgium

In value terms, pneumatic linear acting actuator production expanded slightly to $X in 2022 estimated in export price. In general, production saw significant growth. The growth pace was the most rapid in 2015 with an increase of 841% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Belgium

In 2022, overseas shipments of pneumatic linear acting actuators decreased by -76.7% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a pronounced descent. The growth pace was the most rapid in 2020 when exports increased by 1,295% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped significantly in the following year.

In value terms, pneumatic linear acting actuator exports shrank rapidly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 706% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Japan (X units) was the main destination for pneumatic linear acting actuator exports from Belgium, accounting for a 84% share of total exports. It was followed by the Netherlands (X units), with a 2.5% share of total exports. The third position in this ranking was held by Luxembourg (X units), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-3.3% per year) and Luxembourg (-0.7% per year).

In value terms, Japan ($X) remains the key foreign market for pneumatic linear acting actuators exports from Belgium, comprising 55% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 7.7% share of total exports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-0.9% per year) and the Netherlands (-4.1% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, picking up by 7.7% against the previous year. Overall, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the 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 Sweden ($X per unit), while the average price for exports to Russia ($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 Sweden (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Belgium

After four years of growth, purchases abroad of pneumatic linear acting actuators decreased by -34.6% to X units in 2022. In general, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 252% against the previous year. Imports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, pneumatic linear acting actuator imports shrank remarkably to $X in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of pneumatic linear acting actuator to Belgium, with a 78% share of total imports. Moreover, pneumatic linear acting actuator imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by the United States (X units), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.1% per year) and the United States (-6.7% per year).

In value terms, the largest pneumatic linear acting actuator suppliers to Belgium were Germany ($X), the Netherlands ($X) and the United States ($X), with a combined 84% share of total imports. France, Spain, China and Japan lagged somewhat behind, together comprising a further 7.7%.

In terms of the main suppliers, France, with a CAGR of +24.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, shrinking by -20.5% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 15%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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