Belgium: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Belgium

In 2021, the Belgian wood bending machine market decreased by -93% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption faced a precipitous setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Wood Bending Machine Production in Belgium

In value terms, wood bending machine production reached $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 20%. Wood bending machine production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Wood Bending Machine Exports

Exports from Belgium

In 2021, shipments abroad of bending or assembling machines increased by 162% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 709% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, wood bending machine exports skyrocketed to $X in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 572% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and Poland (X units) were the main destinations of wood bending machine exports from Belgium, with a combined 84% share of total exports. Ghana, the United States, the Czech Republic and Italy lagged somewhat behind, together comprising a further 9.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +429.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for wood bending machine exports from Belgium, comprising 53% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+57.9% per year) and the United States (+13.3% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, reducing by -26.9% against the previous year. Over the period under review, the export price showed a deep setback. The growth pace was the most rapid in 2017 when the average export price increased by 112%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+914.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Bending Machine Imports

Imports into Belgium

In 2021, supplies from abroad of bending or assembling machines decreased by -18.6% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 494%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wood bending machine imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 810% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest wood bending machine supplier to Belgium, accounting for a 46% share of total imports. Moreover, wood bending machine imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. China (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled -18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+16.3% per year) and China (+29.0% per year).

In value terms, Austria ($X) constituted the largest supplier of wood bending machine to Belgium, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by China, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria stood at +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.0% per year) and China (+28.5% per year).

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, picking up by 44% against the previous year. In general, the import price recorded resilient growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 114% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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