Belgium: Safety Glass Market 2024

Safety Glass Market Size in Belgium

The Belgian safety glass market dropped to $X in 2022, shrinking by -9.3% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.5% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Safety Glass Production in Belgium

In value terms, safety glass production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Safety Glass Exports

Exports from Belgium

In 2022, approx. X square meters of safety glass were exported from Belgium; reducing by -6.8% on the previous year's figure. In general, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2017 when exports increased by 38%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, safety glass exports contracted slightly to $X in 2022. Overall, exports recorded a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X square meters) was the main destination for safety glass exports from Belgium, accounting for a 31% share of total exports. Moreover, safety glass exports to France exceeded the volume sent to the second major destination, the Netherlands (X square meters), twofold. The third position in this ranking was held by Germany (X square meters), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.1% per year) and Germany (-6.4% per year).

In value terms, Germany ($X) remains the key foreign market for safety glass exports from Belgium, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.9% per year) and the Netherlands (-5.6% per year).

Export Prices by Country

In 2022, the average safety glass export price amounted to $X per square meter, growing by 6.7% against the previous year. In general, the export price, however, showed a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 20%. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to France ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Belgium

After three years of growth, supplies from abroad of safety glass decreased by -6.7% to X square meters in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.0% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by 56%. As a result, imports reached the peak of X square meters. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, safety glass imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

France (X square meters), Germany (X square meters) and Poland (X square meters) were the main suppliers of safety glass imports to Belgium, with a combined 42% share of total imports. These countries were followed by Estonia, the Netherlands, China, Hungary, the Czech Republic, Luxembourg, Spain, Italy, Romania and Turkey, which together accounted for a further 54%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Estonia ($X) and Poland ($X) were the largest safety glass suppliers to Belgium, together accounting for 41% of total imports. These countries were followed by China, France, the Netherlands, Hungary, Italy, the Czech Republic, Spain, Luxembourg, Romania and Turkey, which together accounted for a further 54%.

Romania, with a CAGR of +54.3%, recorded the highest rates of growth with regard to 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 2022, the average safety glass import price amounted to $X per square meter, waning by -3.1% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20%. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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