Belgium: Fromwork Market 2024

Fromwork Market Size in Belgium

The Belgian fromwork market fell to $X in 2022, with a decrease of -6.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +50.7% against 2013 indices. Fromwork consumption peaked at $X in 2021, and then shrank in the following year.

Fromwork Exports

Exports from Belgium

In 2022, approx. X tons of shuttering for concrete constructional work, shingles and shakes, of wood were exported from Belgium; jumping by 134% against the previous year. Over the period under review, exports recorded prominent growth. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, fromwork exports surged to $X in 2022. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for fromwork exports from Belgium, with a 74% share of total exports. Moreover, fromwork exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X tons), fivefold. France (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+21.2% per year) and France (-11.7% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for shuttering for concrete constructional work, shingles and shakes, of wood exports from Belgium, comprising 68% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 21% share of total exports. It was followed by France, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+33.8% per year) and France (-0.7% per year).

Export Prices by Country

In 2022, the average fromwork export price amounted to $X per ton, reducing by -14.7% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 126%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Germany ($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 France (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fromwork Imports

Imports into Belgium

In 2022, the amount of shuttering for concrete constructional work, shingles and shakes, of wood imported into Belgium totaled X tons, picking up by 6.4% on the previous year. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 -5.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 31%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, fromwork imports shrank to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of fromwork imports to Belgium, with a combined 80% share of total imports. Austria, Poland, the Czech Republic and Canada lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +573.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fromwork suppliers to Belgium were the Netherlands ($X), Germany ($X) and Austria ($X), with a combined 83% share of total imports. Canada, Poland, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +568.7%, 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

In 2022, the average fromwork import price amounted to $X per ton, dropping by -12.7% against the previous year. Overall, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2021 an increase of 44%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Canada ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform