Belgium: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Belgium

In 2022, after two years of growth, there was significant decline in the Belgian market for tube or pipe fittings (of iron or steel), when its value decreased by -15.7% to $X. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped notably in the following year.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Belgium

In value terms, iron or steel tube fitting production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.7% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 30%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Belgium

In 2022, shipments abroad of tube or pipe fittings (of iron or steel) decreased by -18.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports fell notably to $X in 2022. In general, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of iron or steel tube fitting exports from Belgium, together accounting for 48% of total exports. Poland, the UK, Italy, Sweden, Spain, Switzerland, Luxembourg, Ireland, Saudi Arabia and the United States lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +28.6%), while shipments for 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 iron or steel tube fitting exported from Belgium worldwide, together comprising 45% of total exports. Poland, Italy, the UK, the United States, Spain, Sweden, Switzerland, Saudi Arabia, Ireland and Luxembourg lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Ireland, with a CAGR of +28.6%, recorded 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

In 2022, the average export price for tube or pipe fittings (of iron or steel) amounted to $X per ton, shrinking by -3.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 Germany (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Belgium

Iron or steel tube fitting imports into Belgium contracted remarkably to X tons in 2022, which is down by -21.1% on the year before. Overall, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, iron or steel tube fitting imports declined notably to $X in 2022. Over the period under review, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of iron or steel tube fitting imports to Belgium, together comprising 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +8.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel tube fitting suppliers to Belgium were Germany ($X), the Netherlands ($X) and Poland ($X), together accounting for 54% of total imports.

Poland, with a CAGR of +10.4%, recorded 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 a decline.

Import Prices by Country

In 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.6%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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