Belgium: Vapour Generating Boiler Market 2025

Vapour Generating Boiler Market Size in Belgium

In 2021, the Belgian vapour generating boiler market decreased by -55.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a perceptible decrease. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Vapour Generating Boiler Production in Belgium

In value terms, vapour generating boiler production dropped rapidly to $X in 2021 estimated in export price. Overall, production, however, posted a modest increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 113%. Vapour generating boiler production peaked at $X in 2020, and then fell sharply in the following year.

Vapour Generating Boiler Exports

Exports from Belgium

Vapour generating boiler exports from Belgium skyrocketed to X tons in 2021, rising by 219% against 2020 figures. In general, exports posted a strong increase. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, vapour generating boiler exports surged to $X in 2021. Over the period under review, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of 165%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Lebanon (X tons) was the main destination for vapour generating boiler exports from Belgium, accounting for a 45% share of total exports. Moreover, vapour generating boiler exports to Lebanon exceeded the volume sent to the second major destination, Ethiopia (X tons), fivefold. Ghana (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Lebanon totaled +227.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+68.3% per year) and Ghana (+7.5% per year).

In value terms, Lebanon ($X) emerged as the key foreign market for vapour generating boilers exports from Belgium, comprising 22% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a 9% share of total exports. It was followed by Ghana, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Lebanon totaled +153.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+79.2% per year) and Ghana (+7.7% per year).

Export Prices by Country

In 2021, the average vapour generating boiler export price amounted to $X per ton, which is down by -29.4% against the previous year. In general, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2020 an increase of 26%. As a result, the export price attained the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Lebanon ($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 Saudi Arabia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Generating Boiler Imports

Imports into Belgium

Vapour generating boiler imports into Belgium reduced to X tons in 2021, falling by -12.2% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 159% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, vapour generating boiler imports amounted to $X in 2021. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 149% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest vapour generating boiler supplier to Belgium, accounting for a 43% share of total imports. Moreover, vapour generating boiler imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.0% per year) and Italy (-10.1% per year).

In value terms, Germany ($X) constituted the largest supplier of vapour generating boilers to Belgium, comprising 50% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Spain, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.9% per year) and Spain (+61.9% per year).

Import Prices by Country

In 2021, the average vapour generating boiler import price amounted to $X per ton, jumping by 24% against the previous year. In general, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 61% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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