Belgium: Wooden Frame Market 2024

Wooden Frame Market Size in Belgium

The Belgian wooden frame market contracted to $X in 2022, dropping by -14.5% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then declined in the following year.

Wooden Frame Production in Belgium

In value terms, wooden frame production reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +0.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Wooden Frame Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects, when their volume decreased by -47.3% to X units. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 16%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wooden frame exports reduced remarkably to $X in 2022. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main destinations of wooden frame exports from Belgium, with a combined 86% share of total exports. Italy, Spain and Austria lagged somewhat behind, together accounting for a further 7.9%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +2.8%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for wooden frame exported from Belgium were Germany ($X), the Netherlands ($X) and France ($X), together comprising 85% of total exports.

The Netherlands, with a CAGR of -0.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wooden frame export price stood at $X per unit in 2022, surging by 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 ($X per unit), while the average price for exports to the Netherlands ($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 Austria (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Belgium

In 2022, overseas purchases of wooden frames for paintings, photographs, mirrors or similar objects decreased by -39.9% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 14%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame imports plummeted to $X in 2022. In general, imports showed a deep slump. The growth pace was the most rapid in 2021 when imports increased by 42%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the Netherlands (X units) and Poland (X units) were the main suppliers of wooden frame imports to Belgium, with a combined 84% share of total imports. France, Germany, Denmark and Slovakia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +52.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Poland ($X) were the largest wooden frame suppliers to Belgium, together comprising 74% of total imports. France, Germany, Denmark and Slovakia lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Denmark, with a CAGR of +36.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame import price stood at $X per unit in 2022, waning by -10.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

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 Slovakia ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :