Belgium: Sails Market 2024

Sails Market Size in Belgium

In 2022, the Belgian sails market increased by 15% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption enjoyed perceptible growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Sails Production in Belgium

In value terms, sails production expanded markedly to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 413%. Sails production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Sails Exports

Exports from Belgium

In 2022, approx. X tons of sails were exported from Belgium; with a decrease of -70.2% compared with 2021 figures. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 6,720% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, sails exports contracted markedly to $X in 2022. In general, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2015 when exports increased by 687% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Congo (X tons) and Switzerland (X kg) were the main destinations of sails exports from Belgium, together comprising 94% of total exports. Moreover, sails exports in Democratic Republic of the Congo exceeded the figures recorded by the second-largest exporter, Congo, twofold.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +82.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sails exported from Belgium were Democratic Republic of the Congo ($X), Congo ($X) and Switzerland ($X), with a combined 33% share of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +76.6%, saw the highest rates of growth with regard to 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

In 2022, the average sails export price amounted to $X per ton, waning by -18.9% against the previous year. In general, the export price recorded a precipitous slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,423% against the previous year. The export price peaked at $X per ton 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 Switzerland ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-3.4%), while the prices for the other major destinations experienced a decline.

Sails Imports

Imports into Belgium

In 2022, sails imports into Belgium dropped notably to X tons, shrinking by -46.9% on the previous year's figure. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 273%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sails imports dropped to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 172%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of sails to Belgium, with a 58% share of total imports. Moreover, sails imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+41.5% per year) and Germany (-20.7% per year).

In value terms, the Netherlands ($X), Turkey ($X) and South Africa ($X) appeared to be the largest sails suppliers to Belgium, with a combined 71% share of total imports.

Turkey, with a CAGR of +31.2%, recorded 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

The average sails import price stood at $X per ton in 2022, rising by 71% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :