Belgium: Telephone Market 2024

Telephone Market Size in Belgium

The Belgian telephone market dropped significantly to $X in 2022, which is down by -31.5% against the previous year. Overall, consumption continues to indicate a perceptible curtailment. Telephone consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Telephone Production in Belgium

In value terms, telephone production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible contraction. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Telephone Exports

Exports from Belgium

In 2022, overseas shipments of telephones and videophones decreased by -18.3% to X units, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 106% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, telephone exports skyrocketed to $X in 2022. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 103% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units), the Netherlands (X units) and France (X units) were the main destinations of telephone exports from Belgium, together accounting for 76% of total exports. Romania, Germany, the United States and the UK lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +69.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for telephone exported from Belgium worldwide, with a combined 78% share of total exports. Romania, Germany, the United States and the UK lagged somewhat behind, together comprising a further 11%.

Romania, with a CAGR of +70.3%, saw the highest growth rate of 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 telephone export price amounted to $X per unit, picking up by 94% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Romania ($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 France (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Imports

Imports into Belgium

After three years of growth, purchases abroad of telephones and videophones decreased by -50.8% to X units in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, telephone imports fell remarkably to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 14%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of telephone to Belgium, with a 43% share of total imports. Moreover, telephone imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. China (X units) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.3% per year) and China (-15.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of telephones and videophones to Belgium, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.1% per year) and France (-4.9% per year).

Import Prices by Country

The average telephone import price stood at $X per unit in 2022, surging by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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