Belgium: Market for Root Or Tuber Harvesting Machines 2024

Market Size for Root Or Tuber Harvesting Machines in Belgium

The Belgian market for root or tuber harvesting machines reduced markedly to $X in 2021, falling by -69.2% against the previous year. Over the period under review, consumption recorded a sharp contraction. Root or tuber harvesting machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Root Or Tuber Harvesting Machines in Belgium

In value terms, root or tuber harvesting machine production stood at $X in 2021 estimated in export price. In general, production continues to indicate a noticeable descent. The growth pace was the most rapid in 2017 when the production volume increased by 5.5% against the previous year. Root or tuber harvesting machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Root Or Tuber Harvesting Machines

Exports from Belgium

Root or tuber harvesting machine exports from Belgium skyrocketed to X tons in 2021, increasing by 67% compared with 2020. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2019 with an increase of 280%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, root or tuber harvesting machine exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a modest increase. The pace of growth was the most pronounced in 2019 with an increase of 274%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for root or tuber harvesting machine exports from Belgium, with a 49% share of total exports. Moreover, root or tuber harvesting machine exports to France exceeded the volume sent to the second major destination, Canada (X tons), sixfold. Germany (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+67.2% per year) and Germany (+11.9% per year).

In value terms, France ($X) remains the key foreign market for root or tuber harvesting machines exports from Belgium, comprising 42% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports. It was followed by Switzerland, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+40.1% per year) and Switzerland (+29.1% per year).

Export Prices by Country

The average export price for root or tuber harvesting machines stood at $X per ton in 2021, increasing by 9.9% against the previous year. Overall, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 44% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Root Or Tuber Harvesting Machines

Imports into Belgium

In 2021, supplies from abroad of root or tuber harvesting machines increased by 41% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 1,247%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, root or tuber harvesting machine imports fell notably to $X in 2021. Overall, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 2,818%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons) and France (X tons) were the main suppliers of root or tuber harvesting machine imports to Belgium.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +2.4%).

In value terms, the Netherlands ($X) constituted the largest supplier of root or tuber harvesting machines to Belgium, comprising 80% of total imports. The second position in the ranking was held by France ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -2.6%.

Import Prices by Country

In 2021, the average import price for root or tuber harvesting machines amounted to $X per ton, waning by -44.3% against the previous year. Overall, the import price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 117% against the previous year. The import price peaked at $X per ton in 2020, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+50.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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