Belgium: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Belgium

In 2021, the Belgian market for electric generating sets and rotary converters decreased by X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2020, and then declined notably in the following year.

Production of Electric Generating Sets And Rotary Converters in Belgium

In value terms, production of electric generating sets and rotary converters contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Belgium

In 2021, shipments abroad of electric generating sets and rotary converters increased by X% to X units, rising for the fourth consecutive year after three years of decline. Overall, exports saw a measured expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of electric generating sets and rotary converters expanded notably to $X in 2021. In general, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), Germany (X units) and Mexico (X units) were the main destinations of exports of electric generating sets and rotary converters from Belgium, with a combined X% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for electric generating set and rotary converter exported from Belgium worldwide.

Luxembourg, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 electric generating sets and rotary converters stood at $X per unit in 2020, with a decrease of X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2020, 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 Russia ($X per unit), while the average price for exports to Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2020, 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 Electric Generating Sets And Rotary Converters

Imports into Belgium

In 2021, after five years of growth, there was significant decline in supplies from abroad of electric generating sets and rotary converters, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports of reached the maximum at X units in 2020, and then contracted significantly in the following year.

In value terms, imports of electric generating sets and rotary converters fell rapidly to $X in 2021. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports of attained the maximum at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

China (X units), the Netherlands (X units) and Spain (X units) were the main suppliers of imports of electric generating sets and rotary converters to Belgium, together accounting for X% of total imports.

From 2012 to 2020, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest electric generating set and rotary converter suppliers to Belgium were Germany ($X), the Netherlands ($X) and China ($X).

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

Import Prices by Country

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019, and then dropped significantly in the following year.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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