Belgium: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Belgium

In 2021, the Belgian metal sawing machine market decreased by -75.6% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Metal Sawing Machine Production in Belgium

In value terms, metal sawing machine production totaled less than $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 130%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Metal Sawing Machine Exports

Exports from Belgium

In 2021, approx. X units of sawing or cutting-off machines for working metal were exported from Belgium; growing by 113% compared with 2020 figures. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 155% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, metal sawing machine exports surged to $X in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of 99% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for metal sawing machine exports from Belgium, with a 63% share of total exports. Moreover, metal sawing machine exports to Germany exceeded the volume sent to the second major destination, the United States (X units), sevenfold. Poland (X units) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+141.0% per year) and Poland (+54.4% per year).

In value terms, Germany ($X) remains the key foreign market for sawing or cutting-off machines for working metal exports from Belgium, comprising 62% of total exports. The second position in the ranking was taken by the United States ($X), with a 7% share of total exports. It was followed by the Netherlands, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+133.5% per year) and the Netherlands (-0.6% per year).

Export Prices by Country

In 2021, the average metal sawing machine export price amounted to $X per unit, dropping by -36.4% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.9%), while the prices for the other major destinations experienced a decline.

Metal Sawing Machine Imports

Imports into Belgium

Metal sawing machine imports into Belgium amounted to X units in 2021, leveling off at the previous year's figure. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by 210%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal sawing machine imports totaled $X in 2021. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 75% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of metal sawing machine imports to Belgium, with a combined 62% share of total imports. The Netherlands, Germany, Italy, India and France lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +100.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal sawing machine suppliers to Belgium were Japan ($X), China ($X) and the Netherlands ($X), together comprising 61% of total imports. These countries were followed by Taiwan (Chinese), Italy, Germany, India and France, which together accounted for a further 37%.

India, with a CAGR of +219.9%, saw 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

The average metal sawing machine import price stood at $X per unit in 2021, with an increase of 3.3% against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 74% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+59.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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