Belgium: Semiconductor Device Market 2025

Semiconductor Device Market Size in Belgium

In 2021, the Belgian semiconductor device market decreased by -19.2% to $X, falling for the third consecutive year after three years of growth. Overall, consumption continues to indicate a sharp reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Semiconductor Device Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of semiconductor devices, which increased by 23% to X units in 2021. Over the period under review, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 413%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, semiconductor device exports surged to $X in 2021. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 203%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), Germany (X units) and Poland (X units) were the main destinations of semiconductor device exports from Belgium, together comprising 56% of total exports. Denmark, France, Austria, Hungary, Slovakia, China, South Africa, Cyprus and the UK lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of +83.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for semiconductor device exported from Belgium were Denmark ($X), Germany ($X) and Italy ($X), together comprising 51% of total exports. These countries were followed by Poland, Austria, Slovakia, France, China, Hungary, the UK, Cyprus and South Africa, which together accounted for a further 36%.

In terms of the main countries of destination, Cyprus, with a CAGR of +110.3%, saw the highest growth rate of 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

The average semiconductor device export price stood at $X per unit in 2021, jumping by 31% against the previous year. Overall, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2018 an increase of 188% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to South Africa ($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 Slovakia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Device Imports

Imports into Belgium

In 2021, supplies from abroad of semiconductor devices decreased by -9.8% to X units, falling for the fourth year in a row after two years of growth. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, semiconductor device imports declined to $X in 2021. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), China (X units) and Israel (X units) were the main suppliers of semiconductor device imports to Belgium, together comprising 73% of total imports. These countries were followed by Japan, Hong Kong SAR, Germany, the Philippines and Romania, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +88.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest semiconductor device suppliers to Belgium were Germany ($X), China ($X) and the Netherlands ($X), with a combined 73% share of total imports. Israel, Japan, the Philippines, Hong Kong SAR and Romania lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +49.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average semiconductor device import price stood at $X per unit in 2021, rising by 2.3% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, semiconductor device import price decreased by -21.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 31% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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