Belgium: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Belgium

For the fifth consecutive year, the Belgian mill rolling roll market recorded decline in sales value, which decreased by -78.2% to $X in 2022. Over the period under review, consumption continues to indicate a significant decline. Mill rolling roll consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Mill Rolling Roll Production in Belgium

In value terms, mill rolling roll production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2021 with an increase of 5.7%. Mill rolling roll production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Mill Rolling Roll Exports

Exports from Belgium

In 2022, overseas shipments of rolls for rolling mills increased by 17% to X units, rising for the fifth consecutive year after four years of decline. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 106%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, mill rolling roll exports declined sharply to $X in 2022. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 40%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and Turkey (X units) were the main destinations of mill rolling roll exports from Belgium, with a combined 47% share of total exports. India, Egypt, the Netherlands, France, Italy, Spain, Taiwan (Chinese), Saudi Arabia and Thailand lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +45.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mill rolling roll exported from Belgium were the United States ($X), Germany ($X) and Turkey ($X), with a combined 47% share of total exports. India, Egypt, the Netherlands, France, Italy, Spain, Taiwan (Chinese), Thailand and Saudi Arabia lagged somewhat behind, together accounting for a further 47%.

Egypt, with a CAGR of +17.4%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 mill rolling roll export price amounted to $X per unit, falling by -43.7% against the previous year. Overall, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the average export price increased by 9.4%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 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 Thailand ($X per unit), while the average price for exports to Saudi Arabia ($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 Thailand (-17.4%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into Belgium

In 2022, the amount of rolls for rolling mills imported into Belgium was estimated at less than X units, therefore, remained relatively stable against the previous year's figure. In general, imports posted a measured increase. The smallest decline of 99.9% was in 2019. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mill rolling roll imports fell markedly to $X in 2022. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 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

Germany (X units), France (X units) and the UK (X units) were the main suppliers of mill rolling roll imports to Belgium, with a combined 55% share of total imports. Sweden, Austria, Slovenia, South Korea, the United States, Italy, Brazil, the Czech Republic, Spain and Ukraine lagged somewhat behind, together accounting for a further 41%.

From 2015 to 2018, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +231.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) appeared to be the largest mill rolling roll suppliers to Belgium, together accounting for 55% of total imports. Sweden, Austria, Slovenia, South Korea, the United States, Italy, Brazil, the Czech Republic, Spain and Ukraine lagged somewhat behind, together accounting for a further 42%.

Brazil, with a CAGR of +374.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mill rolling roll import price stood at $X per unit in 2018, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average import price decreased by 99.9% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2018, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2018, amid the top importers, the countries with the highest prices were Ukraine ($X per unit) and Spain ($X per unit), while the price for Slovenia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was attained by Brazil (+43.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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