Belgium: Printing Press Market 2024

Printing Press Market Size in Belgium

In 2022, the Belgian printing press market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Printing Press Production in Belgium

In value terms, printing press production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production, however, faced a significant decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 287%. Printing press production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Printing Press Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in overseas shipments of printing presses, when their volume decreased by -60.6% to X units. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 93%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports dropped sharply to $X in 2022. Overall, exports faced a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 55% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X units), the United States (X units) and Mexico (X units) were the main destinations of printing press exports from Belgium, together accounting for 34% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +62.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for printing presses exports from Belgium, comprising 41% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.2% share of total exports. It was followed by Moldova, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-5.1% per year) and Moldova (+55.7% per year).

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, increasing by 5.1% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Rwanda ($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 France (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Press Imports

Imports into Belgium

In 2022, supplies from abroad of printing presses decreased by -14.3% to X units, falling for the fourth consecutive year after three years of growth. Overall, imports, however, showed tangible growth. The pace of growth appeared the most rapid in 2018 when imports increased by 144% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing press imports expanded significantly to $X in 2022. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 39%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Italy (X units) and France (X units) were the main suppliers of printing press imports to Belgium, with a combined 63% share of total imports. The UK, Germany, Japan, Hungary, China and Norway lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +48.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of printing presses to Belgium, comprising 48% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by Italy, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.0% per year) and Italy (-2.8% per year).

Import Prices by Country

In 2022, the average printing press import price amounted to $X per unit, picking up by 28% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 72%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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