Belgium - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSmart Card Price in Belgium - 2023
Contents:
- Smart Card Price in Belgium (CIF) - 2022
- Smart Card Price in Belgium (FOB) - 2022
- Smart Card Imports in Belgium
- Smart Card Exports in Belgium
Smart Card Price in Belgium (CIF) - 2022
The average smart card import price stood at $0.8 per unit in 2022, rising by 36% against the previous year. Overall, the import price, however, recorded a abrupt slump. Over the period under review, average import prices reached the peak figure at $1.7 per unit in 2012; however, from 2013 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 Germany ($1.7 per unit), while the price for Finland ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.4%), while the prices for the other major suppliers experienced a decline.
Smart Card Price in Belgium (FOB) - 2022
The average smart card export price stood at $1.7 per unit in 2022, which is down by -38% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 28%. As a result, the export price attained the peak level of $4.2 per unit. From 2019 to 2022, the average 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 ($6.5 per unit), while the average price for exports to the Netherlands ($1 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 Germany (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Smart Card Imports in Belgium
In 2022, smart card imports into Belgium declined remarkably to 52M units, shrinking by -26.9% on the previous year. Over the period under review, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +2.0% 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 +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports reached the peak of 71M units, and then fell remarkably in the following year.
In value terms, smart card imports declined slightly to $42M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. As a result, imports reached the peak of $42M, leveling off in the following year.
| Import of Smart Card in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.4 | 8.2 | 7.5 | 12.4 | 31.9% |
| Germany | 2.1 | 2.4 | 2.3 | 9.3 | 64.2% |
| France | 9.0 | 9.2 | 9.9 | 7.1 | -7.6% |
| China | 4.1 | 2.0 | 6.7 | 4.9 | 6.1% |
| Finland | 7.4 | 4.0 | 1.9 | 2.2 | -33.3% |
| Others | 7.7 | 5.7 | 13.9 | 6.1 | -7.5% |
| Total | 35.7 | 31.4 | 42.3 | 42.0 | 5.6% |
Top Suppliers of Smart Card to Belgium in 2022:
- Netherlands (15.3M units)
- China (10.5M units)
- Finland (9.4M units)
- France (7.3M units)
- Germany (5.3M units)
Smart Card Exports in Belgium
After three years of growth, overseas shipments of cards incorporating an electronic integrated circuit (smart card) decreased by -4.3% to 6.2M units in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 174% against the previous year. The exports peaked at 6.5M units in 2021, and then dropped in the following year.
In value terms, smart card exports contracted sharply to $11M in 2022. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 131% against the previous year. Over the period under review, the exports reached the peak figure at $18M in 2021, and then reduced notably in the following year.
| Export of Smart Card in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.1 | 2.1 | 1.5 | 4.5 | 59.9% |
| Germany | 0.7 | 1.4 | 0.9 | 1.3 | 22.9% |
| France | 0.9 | 1.2 | 1.1 | 0.8 | -3.9% |
| United States | 0.4 | 0.9 | 0.6 | 0.5 | 7.7% |
| China | N/A | 0.2 | 2.1 | 0.5 | 58.1% |
| Gambia | N/A | N/A | N/A | 0.4 | 0% |
| United Kingdom | 0.2 | 0.6 | 3.3 | 0.4 | 26.0% |
| Italy | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Hong Kong SAR | 0.3 | 0.7 | 0.1 | 0.1 | -30.7% |
| Albania | 1.4 | 2.4 | 2.9 | N/A | 43.9% |
| Others | 1.4 | 5.4 | 5.6 | 2.2 | 16.3% |
| Total | 6.6 | 15.2 | 18.2 | 10.8 | 17.8% |
Top Export Markets for Smart Card from Belgium in 2022:
- Netherlands (4589.7K units)
- Germany (234.2K units)
- United Kingdom (225.7K units)
- United States (178.3K units)
- Gambia (142.0K units)
- France (121.1K units)
- Italy (106.4K units)
- China (92.9K units)
- Hong Kong SAR (27.4K units)
This report provides an in-depth analysis of the smart card 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 26123000 - Smart cards
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.
-
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
-
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
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In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
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In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
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