Belgium: Electronic Chip Market 2024

Electronic Chip Market Size in Belgium

In 2022, the Belgian electronic chip market was finally on the rise to reach $X after two years of decline. Overall, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electronic Chip Production in Belgium

In value terms, electronic chip production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced setback. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Electronic Chip Exports

Exports from Belgium

In 2022, the amount of electronic chips exported from Belgium soared to X units, surging by X% compared with the year before. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, electronic chip exports skyrocketed to $X in 2022. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for electronic chip exports from Belgium, accounting for a X% share of total exports. Moreover, electronic chip exports to Germany exceeded the volume sent to the second major destination, Italy (X units), ninefold. The third position in this ranking was taken by Romania (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Romania (X% per year).

In value terms, Germany ($X) remains the key foreign market for electronic chips exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, 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: Italy (X% per year) and France (X% per year).

Export Prices by Country

The average electronic chip export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 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 Sweden ($X per unit), while the average price for exports to Denmark (less than $X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Belgium

Electronic chip imports into Belgium soared to X units in 2022, picking up by X% on the previous year. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electronic chip imports surged to $X in 2022. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main suppliers of electronic chip imports to Belgium, with a combined X% share of total imports. China, the Czech Republic, Japan, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of electronic chips to Belgium, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electronic chip import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Taiwan (Chinese) ($X per unit), while the price for the Czech Republic (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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