Belgium: Drawing Board Market 2024

Drawing Board Market Size in Belgium

After two years of growth, the Belgian drawing board market decreased by -32.6% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell notably in the following year.

Drawing Board Production in Belgium

In value terms, drawing board production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a mild downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 50% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Drawing Board Exports

Exports from Belgium

In 2022, the amount of slates and boards with writing or drawing surfaces exported from Belgium expanded to X units, with an increase of 2% on 2021 figures. Overall, exports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 81% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, drawing board exports shrank modestly to $X in 2022. In general, exports, however, continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of 45% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), France (X units) and Germany (X units) were the main destinations of drawing board exports from Belgium, together accounting for 76% of total exports. India, China, the UK, Luxembourg and Spain lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +60.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for drawing board exported from Belgium worldwide, with a combined 66% share of total exports. India, the UK, China, Luxembourg and Spain lagged somewhat behind, together accounting for a further 20%.

China, with a CAGR of +51.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 drawing board export price amounted to $X per unit, waning by -5.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of slates and boards with writing or drawing surfaces, when their volume decreased by -24.1% to X units. Overall, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, drawing board imports reduced markedly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest drawing board supplier to Belgium, accounting for a 41% share of total imports. Moreover, drawing board imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), twofold. France (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.2% per year) and France (-2.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Belgium, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.1% per year) and France (-1.4% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, surging by 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 an increase of 19% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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