Belgium: Silencer Market 2024

Silencer Market Size in Belgium

After two years of decline, the Belgian silencer market increased by 22% to $X in 2021. Over the period under review, consumption enjoyed perceptible growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Silencer Production in Belgium

In value terms, silencer production rose notably to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 33% against the previous year. Silencer production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Silencer Exports

Exports from Belgium

In 2021, approx. X tons of silencers and exhaust pipes were exported from Belgium; rising by 14% against the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 90% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silencer exports rose notably to $X in 2021. In general, exports showed a perceptible increase. The pace of growth appeared the most rapid in 2020 with an increase of 136%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for silencer exports from Belgium, with a 40% share of total exports. Moreover, silencer exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Germany (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.4% per year) and Germany (-7.4% per year).

In value terms, France ($X) remains the key foreign market for silencer exports from Belgium, comprising 36% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 9.1% share of total exports. It was followed by Germany, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1.8% per year) and Germany (-2.1% per year).

Export Prices by Country

In 2021, the average silencer export price amounted to $X per ton, dropping by -1.9% against the previous year. Over the period under review, export price indicated a pronounced increase 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, silencer export price increased by +56.8% against 2015 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 24%. As a result, the export price reached the peak level of $X per ton, and then contracted modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into Belgium

In 2021, purchases abroad of silencers and exhaust pipes increased by 2.5% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, imports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2020 with an increase of 89%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, silencer imports expanded remarkably to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 49%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of silencer to Belgium, with a 37% share of total imports. Moreover, silencer imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.9% per year) and the Czech Republic (+0.3% per year).

In value terms, Germany ($X) constituted the largest supplier of silencer to Belgium, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by India, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.3% per year) and India (+170.8% per year).

Import Prices by Country

The average silencer import price stood at $X per ton in 2021, surging by 9.1% against the previous year. Overall, the import price enjoyed modest growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 38%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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