Belgium: Poultry Incubator Market 2024

Poultry Incubator Market Size in Belgium

The Belgian poultry incubator market dropped notably to $X in 2022, declining by -25.2% against the previous year. In general, consumption continues to indicate a deep downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Poultry Incubator Production in Belgium

In value terms, poultry incubator production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 124% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Poultry Incubator Exports

Exports from Belgium

In 2022, approx. X units of poultry incubators and brooders were exported from Belgium; which is down by -6.9% against the year before. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, poultry incubator exports dropped to $X in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X units), Saudi Arabia (X units) and Thailand (X units) were the main destinations of poultry incubator exports from Belgium, with a combined 41% share of total exports. Turkey, India, China, Argentina, South Africa, Uganda, Egypt, Bangladesh, Serbia and Malaysia lagged somewhat behind, together accounting for a further 32%.

From 2018 to 2022, the biggest increases were recorded for Uganda (with a CAGR of +63.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for poultry incubator exported from Belgium were Iraq ($X), Saudi Arabia ($X) and Thailand ($X), together comprising 36% of total exports. These countries were followed by Turkey, India, Argentina, China, South Africa, Serbia, Bangladesh, Malaysia, Uganda and Egypt, which together accounted for a further 28%.

In terms of the main countries of destination, Uganda, with a CAGR of +45.1%, saw 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

The average poultry incubator export price stood at $X per unit in 2022, with a decrease of -4.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 6.6%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry Incubator Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in overseas purchases of poultry incubators and brooders, when their volume decreased by -65.5% to X units. Overall, imports faced a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 290%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, poultry incubator imports fell notably to $X in 2022. Over the period under review, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 260% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X units), the United States (X units) and the Netherlands (X units) were the main suppliers of poultry incubator imports to Belgium, together accounting for 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +2,300.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Egypt ($X) and the United States ($X) constituted the largest poultry incubator suppliers to Belgium, together comprising 79% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +2,988.7%, recorded the highest rates of growth with regard to 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

In 2022, the average poultry incubator import price amounted to $X per unit, which is down by -5% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poultry incubator import price increased by +66.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 109%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 South Korea ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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