Weaving Machines (Looms) Price in Belgium - 2023
Contents:
- Weaving Machines (Looms) Price in Belgium (FOB) - 2022
- Weaving Machines (Looms) Price in Belgium (CIF) - 2022
- Weaving Machines (Looms) Exports in Belgium
- Weaving Machines (Looms) Imports in Belgium
Weaving Machines (Looms) Price in Belgium (FOB) - 2022
The average weaving machines (looms) export price stood at $15,855 per unit in 2022, reducing by -12% against the previous year. Overall, the export price, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 156% against the previous year. The export price peaked at $23,051 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($25,683 per unit), while the average price for exports to Italy ($2,119 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 Vietnam (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.
Weaving Machines (Looms) Price in Belgium (CIF) - 2022
The average weaving machines (looms) import price stood at $20,362 per unit in 2022, increasing by 108% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $20,583 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 ($46,520 per unit), while the price for France ($112 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+92.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Exports in Belgium
In 2022, approx. 44K units of weaving machines (looms)s were exported from Belgium; with an increase of 13% compared with the previous year's figure. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, weaving machines (looms) exports declined slightly to $702M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $706M, leveling off in the following year.
| Export of Weaving Machines (Looms) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 66.8 | 195 | 233 | 184 | 40.2% |
| China | 63.8 | 58.4 | 97.6 | 92.2 | 13.1% |
| India | 74.1 | 42.9 | 42.9 | 88.1 | 5.9% |
| Iran | 3.2 | 21.6 | 37.8 | 85.7 | 199.2% |
| Pakistan | 24.6 | 46.8 | 152 | 58.3 | 33.3% |
| Uzbekistan | 31.1 | 9.1 | 9.3 | 20.6 | -12.8% |
| Italy | 11.7 | 3.4 | 12.2 | 16.2 | 11.5% |
| Egypt | 10.4 | 5.3 | 14.0 | 9.9 | -1.6% |
| Brazil | 12.4 | 6.1 | 11.7 | 7.7 | -14.7% |
| Germany | 4.6 | 4.0 | 4.8 | 5.2 | 4.2% |
| Others | 104 | 52.8 | 90.9 | 135 | 9.1% |
| Total | 406 | 445 | 706 | 702 | 20.0% |
Top Export Markets for Weaving Machines (Looms) from Belgium in 2022:
- Turkey (10.0K units)
- Italy (7.7K units)
- India (4.8K units)
- China (4.3K units)
- Iran (3.3K units)
- Pakistan (3.1K units)
- Germany (2.2K units)
- Uzbekistan (0.9K units)
- Egypt (0.5K units)
- Brazil (0.3K units)
Weaving Machines (Looms) Imports in Belgium
After three years of growth, purchases abroad of weaving machines (looms)s decreased by -72.6% to 96 units in 2022. In general, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2020 when imports increased by 223%. Over the period under review, imports reached the maximum at 350 units in 2021, and then plummeted in the following year.
In value terms, weaving machines (looms) imports reduced rapidly to $2M in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 88%. Over the period under review, imports hit record highs at $3.4M in 2021, and then declined notably in the following year.
| Import of Weaving Machines (Looms) in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,087 | 541 | 521 | 831 | -8.6% |
| China | 294 | 82.2 | 362 | 419 | 12.5% |
| Japan | N/A | 139 | 261 | 328 | 53.6% |
| Italy | N/A | 71.8 | N/A | 160 | 49.3% |
| United States | 30.3 | 1.6 | 11.1 | 154 | 71.9% |
| United Kingdom | N/A | 640 | 782 | 34.3 | -76.8% |
| Brazil | N/A | N/A | 62.5 | 1.0 | -98.4% |
| Canada | N/A | N/A | 28.2 | 0.3 | -98.9% |
| India | N/A | 166 | 103 | N/A | -38.0% |
| Netherlands | N/A | N/A | 888 | N/A | 0% |
| Others | 217 | 1,421 | 415 | 28.2 | -49.3% |
| Total | 1,628 | 3,062 | 3,435 | 1,955 | 6.3% |
Top Suppliers of Weaving Machines (Looms) to Belgium in 2022:
- Germany (38.0 units)
- United States (19.0 units)
- Japan (11.0 units)
- China (9.0 units)
- Italy (5.0 units)
- United Kingdom (5.0 units)
- Brazil (1.0 units)
- Canada (1.0 units)
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