Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium - 2023

Contents:

1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium (FOB) - 2022
2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium (CIF) - 2022
3. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium
4. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium (FOB) - 2022

The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $316 per unit in 2022, falling by -51.1% against the previous year. In general, the export price recorded a sharp curtailment. The pace of growth appeared the most rapid in 2018 an increase of 133% against the previous year. Over the period under review, the average export prices hit record highs at $3,316 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($2,746 per unit), while the average price for exports to Rwanda ($0.2 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 Sweden (+90.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium (CIF) - 2022

The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $158 per unit in 2022, declining by -12.4% against the previous year. Over the period under review, the import price showed a sharp descent. The growth pace was the most rapid in 2015 an increase of 52% against the previous year. The import price peaked at $3,059 per unit in 2013; however, from 2014 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 ($721 per unit), while the price for Japan ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium

For the fourth year in a row, Belgium recorded growth in overseas shipments of weighing machines; having a maximum weighing capacity exceeding 5000kgs, which increased by 50% to 6.5K units in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 807%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs reduced notably to $2.1M in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 405%. As a result, the exports attained the peak of $3.2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Belgium in 2022:

1. Cyprus (2113.0 units)
2. Guinea (975.0 units)
3. Germany (786.0 units)
4. Finland (373.0 units)
5. Sweden (249.0 units)
6. Rwanda (199.0 units)
7. United Arab Emirates (192.0 units)
8. Tanzania (133.0 units)
9. France (119.0 units)
10. Netherlands (98.0 units)
11. United States (48.0 units)
12. Portugal (30.0 units)
13. China (1.0 units)

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Belgium

For the fourth year in a row, Belgium recorded growth in overseas purchases of weighing machines; having a maximum weighing capacity exceeding 5000kgs, which increased by 9.5% to 11K units in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 105% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs shrank modestly to $1.8M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $1.8M, and then dropped slightly in the following year.

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Belgium in 2022:

1. Sweden (5.0K units)
2. United States (1.7K units)
3. United Kingdom (1.7K units)
4. Japan (0.6K units)
5. China (0.5K units)
6. Norway (0.4K units)
7. Taiwan (Chinese) (0.3K units)
8. France (0.2K units)
9. Malaysia (0.2K units)
10. Netherlands (0.1K units)

Source: IndexBox Market Intelligence Platform