Belgium: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Belgium

In 2022, the Belgian market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a perceptible decrease. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Belgium

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports from Belgium

After ten years of growth, overseas shipments of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by X% to X units in 2022. Over the period under review, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process shrank to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X units), the UK (X units) and France (X units) were the main destinations of exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Belgium, together accounting for X% of total exports. The Netherlands, Poland, Qatar, Kenya, Russia, the United States, Indonesia, Iraq, the United Arab Emirates and Sweden lagged somewhat behind, together comprising a further X%.

From 2020 to 2022, the biggest increases were recorded for Kenya (with a CAGR of X.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery for material treatment by heating or cooling process exported from Belgium were Germany ($X), Kenya ($X) and France ($X), with a combined X% share of total exports.

Among the main countries of destination, Kenya, with a CAGR of X.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, increasing by X% against the previous year. Over the last two years, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports into Belgium

In 2022, purchases abroad of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest machinery for material treatment by heating or cooling process supplier to Belgium, with a X% share of total imports. Moreover, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was taken by China (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, China ($X), Germany ($X) and Japan ($X) were the largest machinery for material treatment by heating or cooling process suppliers to Belgium, with a combined X% share of total imports. Poland, the United States, Italy, the Netherlands, France and the UK lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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