Belgium - Electrical Parts Of Machinery Or Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMachinery Electrical Parts Price in Belgium - 2021
Contents:
- Machinery Electrical Parts Price in Belgium (FOB) - 2022
- Machinery Electrical Parts Price in Belgium (CIF) - 2022
- Machinery Electrical Parts Exports in Belgium
- Machinery Electrical Parts Imports in Belgium
Machinery Electrical Parts Price in Belgium (FOB) - 2022
In 2022, the average machinery electrical parts export price amounted to $11,675 per ton, picking up by 9.2% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 41%. As a result, the export price reached the peak level of $13,412 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($37,341 per ton), while the average price for exports to Hungary ($3,644 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 France (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Machinery Electrical Parts Price in Belgium (CIF) - 2022
The average machinery electrical parts import price stood at $5,054 per ton in 2022, waning by -3.1% against the previous year. Over the period under review, the import price, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 an increase of 116%. Over the period under review, average import prices reached the maximum at $5,406 per ton in 2020; however, from 2021 to 2022, 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 China ($22,971 per ton), while the price for France ($283 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Machinery Electrical Parts Exports in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of electrical parts of machinery or apparatus, when their volume decreased by -15.1% to 8.3K tons. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year.
In value terms, machinery electrical parts exports reduced to $97M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 153% against the previous year.
| Export of Machinery Electrical Parts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 3.8 | 28.2 | 31.5 | 28.2 | 95.1% |
| Germany | 3.2 | 14.0 | 17.8 | 15.9 | 70.6% |
| France | 3.3 | 2.0 | 7.5 | 6.7 | 26.6% |
| Ireland | 2.3 | 12.3 | 5.2 | 6.5 | 41.4% |
| Italy | 4.6 | 4.3 | 6.3 | 5.7 | 7.4% |
| Netherlands | 2.9 | 3.5 | 4.4 | 3.9 | 10.4% |
| Austria | 0.5 | 1.8 | 3.6 | 3.2 | 85.7% |
| Finland | 2.1 | 2.9 | 3.3 | 3.0 | 12.6% |
| Sweden | 1.6 | 1.4 | 2.6 | 2.3 | 12.9% |
| Poland | 0.5 | 1.0 | 2.2 | 2.0 | 58.7% |
| Spain | 0.6 | 1.1 | 2.2 | 2.0 | 49.4% |
| Hungary | 1.9 | 0.6 | 0.8 | 1.1 | -16.7% |
| Others | 8.1 | 16.4 | 17.5 | 16.8 | 27.5% |
| Total | 35.5 | 89.6 | 105 | 97.2 | 39.9% |
Top Export Markets for Machinery Electrical Parts from Belgium in 2022:
- Germany (3536.1 tons)
- Slovakia (1061.5 tons)
- France (920.5 tons)
- Italy (371.3 tons)
- Austria (313.1 tons)
- Hungary (306.2 tons)
- Finland (228.2 tons)
- Netherlands (195.0 tons)
- Poland (190.3 tons)
- Spain (187.6 tons)
- Ireland (175.0 tons)
- Sweden (134.8 tons)
Machinery Electrical Parts Imports in Belgium
In 2022, approx. 18K tons of electrical parts of machinery or apparatus were imported into Belgium; increasing by 3.5% on the year before. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, machinery electrical parts imports totaled $89M in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 152% against the previous year. As a result, imports reached the peak of $89M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Machinery Electrical Parts in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 8.2 | 34.3 | 41.4 | 37.8 | 66.4% |
| China | 5.1 | 18.4 | 21.8 | 19.9 | 57.4% |
| Germany | 8.8 | 17.6 | 9.5 | 11.8 | 10.3% |
| Netherlands | 3.3 | 4.2 | 7.0 | 6.4 | 24.7% |
| United Kingdom | 3.5 | 6.7 | 0.4 | 3.6 | 0.9% |
| France | 1.8 | 2.5 | 3.9 | 3.5 | 24.8% |
| Spain | 1.8 | 2.0 | N/A | 1.3 | -10.3% |
| Others | 3.1 | 3.6 | 4.7 | 4.8 | 15.7% |
| Total | 35.5 | 89.4 | 88.8 | 89.1 | 35.9% |
Top Suppliers of Machinery Electrical Parts to Belgium in 2022:
- France (12.5K tons)
- Taiwan (Chinese) (1.9K tons)
- China (0.9K tons)
- Netherlands (0.7K tons)
- Germany (0.6K tons)
- United Kingdom (0.4K tons)
- Spain (0.3K tons)
This report provides an in-depth analysis of the machinery electrical parts market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27903390 - Electrical parts of machinery or apparatus, n.e.c.
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
472
This report provides an in-depth analysis of the machinery electrical parts market in Belgium.
413
This report provides an in-depth analysis of the global machinery electrical parts market.
472
This report provides an in-depth analysis of the machinery electrical parts market in Belgium.
413
This report provides an in-depth analysis of the global machinery electrical parts market.
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