Belgium: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Belgium

In 2022, the Belgian machine tool for metal market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, enjoyed prominent growth. Machine tool for metal consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Belgium

In value terms, machine tool for metal production rose rapidly to $X in 2022 estimated in export price. In general, production continues to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Belgium

Machine tool for metal exports from Belgium surged to X units in 2022, rising by X% on the previous year's figure. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal exports soared to $X in 2022. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for machine tool for metal exports from Belgium, accounting for a X% share of total exports. Moreover, machine tool for metal exports to France exceeded the volume sent to the second major destination, Germany (X units), eightfold. Spain (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

In value terms, the largest markets for machine tool for metal exported from Belgium were France ($X), Algeria ($X) and Germany ($X), together comprising X% of total exports. Spain, Italy, Lithuania, Poland, the Netherlands and Brazil lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2013 an increase of X% 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 lower figure.

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

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Belgium

In 2022, machine tool for metal imports into Belgium soared to X units, with an increase of X% compared with 2021 figures. Overall, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, machine tool for metal imports surged to $X in 2022. In general, imports recorded temperate growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of machine tool for metal imports to Belgium, together accounting for X% of total imports. Israel, France, the Netherlands, Switzerland, the United States, Turkey, Canada, the UK and Japan lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Belgium, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average machine tool for metal import price amounted to $X per unit, declining by X% against the previous year. In general, the import price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then contracted 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 Switzerland ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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