Belgium: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Belgium

The Belgian safes and strongboxes market dropped to $X in 2021, waning by -9.6% against the previous year. Over the period under review, consumption saw a pronounced reduction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Safes And Strongboxes Production in Belgium

In value terms, safes and strongboxes production expanded notably to $X in 2021 estimated in export price. In general, production posted a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of 55%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Safes And Strongboxes Exports

Exports from Belgium

In 2021, after two years of growth, there was significant decline in overseas shipments of safes, strongboxes and doors of base metal, when their volume decreased by -5.1% to X tons. In general, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 133%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, safes and strongboxes exports dropped dramatically to $X in 2021. Over the period under review, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of 228%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of safes and strongboxes exports from Belgium, together comprising 53% of total exports. The United Arab Emirates, Qatar, Saudi Arabia, the Czech Republic, Egypt, Senegal, Italy, Hungary, Poland and Mauritania lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +83.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safes and strongboxes exported from Belgium were the Netherlands ($X), France ($X) and Qatar ($X), together comprising 59% of total exports. These countries were followed by Germany, Senegal, the United Arab Emirates, Egypt, Saudi Arabia, Italy, the Czech Republic, Poland, Hungary and Mauritania, which together accounted for a further 21%.

Senegal, with a CAGR of +88.3%, recorded the highest rates of growth with regard to 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 2021, the average safes and strongboxes export price amounted to $X per ton, which is down by -11.3% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, safes and strongboxes export price decreased by -14.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 41%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($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 France (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Belgium

In 2021, after four years of growth, there was significant decline in purchases abroad of safes, strongboxes and doors of base metal, when their volume decreased by -19% to X tons. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, safes and strongboxes imports reduced remarkably to $X in 2021. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and France (X tons) were the main suppliers of safes and strongboxes imports to Belgium, together comprising 80% of total imports. South Africa, Germany, Denmark, Spain, Poland, the UK, Hungary and India lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +89.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and France ($X) appeared to be the largest safes and strongboxes suppliers to Belgium, with a combined 74% share of total imports. Germany, Spain, Denmark, the UK, South Africa, Poland, Hungary and India lagged somewhat behind, together accounting for a further 22%.

Denmark, with a CAGR of +54.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average safes and strongboxes import price amounted to $X per ton, dropping by -13.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 an increase of 27%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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