Belgium: Bracelet Market 2024

Bracelet Market Size in Belgium

The Belgian bracelet market reduced dramatically to $X in 2022, waning by -93.2% against the previous year. Overall, consumption saw a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped significantly in the following year.

Bracelet Production in Belgium

In value terms, bracelet production contracted notably to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 203%. Bracelet production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Bracelet Exports

Exports from Belgium

In 2022, bracelet exports from Belgium rose markedly to X units, with an increase of 15% on the previous year. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 118%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, bracelet exports fell significantly to $X in 2022. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 91% against the previous year. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

France (X units), Germany (X units) and the Netherlands (X units) were the main destinations of bracelet exports from Belgium, with a combined 75% share of total exports. Italy, the UK, Poland, Cyprus, Switzerland and Luxembourg lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +810.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the largest markets for bracelet exported from Belgium worldwide, with a combined 59% share of total exports. The UK, Switzerland, Luxembourg, Italy, Poland and Cyprus lagged somewhat behind, together accounting for a further 35%.

Cyprus, with a CAGR of +590.3%, saw 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 bracelet export price amounted to $X per unit, waning by -30.6% against the previous year. In general, the export price showed a deep setback. The growth pace was the most rapid in 2013 when the average export price increased by 166% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to Cyprus ($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 Luxembourg (+4.8%), while the prices for the other major destinations experienced a decline.

Bracelet Imports

Imports into Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of watch straps, bands and bracelets, when their volume decreased by -40% to X units. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, bracelet imports fell remarkably to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

China (X units), the Netherlands (X units) and France (X units) were the main suppliers of bracelet imports to Belgium, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bracelet suppliers to Belgium were the Netherlands ($X), China ($X) and France ($X), together accounting for 76% of total imports.

The Netherlands, with a CAGR of +18.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bracelet import price stood at $X per unit in 2022, jumping by 26% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2016 an increase of 52%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+55.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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