Belgium: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Belgium

The Belgian threaded copper articles market reduced to $X in 2022, dropping by -2% against the previous year. Overall, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Threaded Copper Articles Production in Belgium

In value terms, threaded copper articles production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 39%. Threaded copper articles production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Threaded Copper Articles Exports

Exports from Belgium

In 2022, overseas shipments of threaded articles of copper decreased by -42.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a pronounced reduction. The pace of growth was the most pronounced in 2016 with an increase of 199%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, threaded copper articles exports shrank significantly to $X in 2022. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 223% against the previous year. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of threaded copper articles exports from Belgium, together comprising 59% of total exports. Luxembourg, North Macedonia, the UK, South Korea, the United States, China and India lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +76.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for threaded copper articles exported from Belgium were Germany ($X), France ($X) and South Korea ($X), with a combined 57% share of total exports. North Macedonia, the Netherlands, the UK, Luxembourg, the United States, China and India lagged somewhat behind, together comprising a further 28%.

North Macedonia, with a CAGR of +69.3%, saw the highest rates of growth with regard to the value of exports, among 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 threaded copper articles export price amounted to $X per ton, dropping by -17.3% against the previous year. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of 39%. The export price peaked 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 ($X per ton), while the average price for exports to Luxembourg ($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 (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Threaded Copper Articles Imports

Imports into Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of threaded articles of copper, when their volume decreased by -13.8% to X tons. Overall, imports showed a noticeable shrinkage. The growth pace was the most rapid in 2020 when imports increased by 116%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, threaded copper articles imports fell notably to $X in 2022. In general, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2020 when imports increased by 63%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), France (X tons) and Poland (X tons) were the main suppliers of threaded copper articles imports to Belgium, with a combined 59% share of total imports. Germany, Hungary, the Netherlands, Taiwan (Chinese), India, Italy and Japan lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +146.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), France ($X) and China ($X) appeared to be the largest threaded copper articles suppliers to Belgium, together comprising 54% of total imports.

Hungary, with a CAGR of +143.6%, saw the highest growth rate of the value of imports, among the main suppliers 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 threaded copper articles import price amounted to $X per ton, declining by -3% against the previous year. In general, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2014 an increase of 55% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :