Belgium: Pump For Liquid Market 2024

Pump For Liquid Market Size in Belgium

In 2021, after two years of growth, there was significant decline in the Belgian pump for liquid market, when its value decreased by -8.1% to $X. In general, consumption, however, showed buoyant growth. Pump for liquid consumption peaked at $X in 2020, and then fell in the following year.

Pump For Liquid Production in Belgium

In value terms, pump for liquid production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period 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 2017 when the production volume increased by 26% against the previous year. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in the near future.

Pump For Liquid Exports

Exports from Belgium

In 2021, shipments abroad of pumps for liquids and liquid elevators increased by 55% to X units, rising for the fifth consecutive year after four years of decline. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 299% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, pump for liquid exports surged to $X in 2021. Overall, exports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2020 when exports increased by 58% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X units) was the main destination for pump for liquid exports from Belgium, accounting for a 25% share of total exports. Moreover, pump for liquid exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.9% per year) and the Netherlands (+3.6% per year).

In value terms, the largest markets for pump for liquid exported from Belgium were France ($X), Germany ($X) and the Netherlands ($X), with a combined 31% share of total exports. These countries were followed by the UK, the United States, Brazil, Spain, Sweden, Italy, Poland, Russia, Finland and Greece, which together accounted for a further 37%.

Among the main countries of destination, Greece, with a CAGR of +11.6%, 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

The average pump for liquid export price stood at $X per unit in 2021, waning by -22.6% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pump For Liquid Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in purchases abroad of pumps for liquids and liquid elevators, which increased by 1.6% to X units in 2021. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 102% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, pump for liquid imports surged to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.0% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 28%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of pump for liquid imports to Belgium, with a combined 68% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Belgium, comprising 27% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.4% per year) and France (+2.2% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, picking up by 16% against the previous year. Overall, the import price, however, showed a abrupt setback. The growth pace was the most rapid in 2013 when the average import price increased by 54% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform