Belgium: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Belgium

The Belgian electric soldering iron market expanded notably to $X in 2023, picking up by X% against the previous year. In general, consumption posted buoyant growth. Electric soldering iron consumption peaked in 2023 and is expected to retain growth in the immediate term.

Electric Soldering Iron Production in Belgium

In value terms, electric soldering iron production stood at $X in 2023 estimated in export price. Overall, production, however, showed a dramatic decrease. The pace of growth appeared the most rapid in 2014 when the production volume decreased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Electric Soldering Iron Exports

Exports from Belgium

In 2023, shipments abroad of electric soldering irons and guns increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, electric soldering iron exports amounted to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electric soldering iron exports from Belgium, with a X% share of total exports. Moreover, electric soldering iron exports to Germany exceeded the volume sent to the second major destination, Italy (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) remains the key foreign market for electric soldering irons and guns exports from Belgium, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average electric soldering iron export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2022 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, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports into Belgium

In 2023, supplies from abroad of electric soldering irons and guns was finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a deep reduction. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, electric soldering iron imports surged to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X units) constituted the largest electric soldering iron supplier to Belgium, with a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2020 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the Netherlands (X% per year).

In value terms, the largest electric soldering iron suppliers to Belgium were China ($X), Taiwan (Chinese) ($X) and the Netherlands ($X), together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of 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

In 2023, the average electric soldering iron import price amounted to $X per unit, growing by X% against the previous year. Overall, import price indicated a resilient increase from 2020 to 2023: its price increased at an average annual rate of X% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electric soldering iron import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform