Belgium: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Belgium

In 2021, after two years of decline, there was significant growth in the Belgian market for grinding, sanding and polishing machines, when its value increased by 101% to $X. In general, consumption, however, saw a slight slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Belgium

In 2021, shipments abroad of grinding, sanding and polishing machines increased by 44% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of 160%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 182%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X units), Germany (X units) and Finland (X units) were the main destinations of grinding, sanding and polishing machine exports from Belgium, with a combined 67% share of total exports. The Netherlands, Denmark, the Czech Republic and Italy lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +122.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding, sanding and polishing machine exported from Belgium were Germany ($X), the Netherlands ($X) and France ($X), together comprising 58% of total exports. These countries were followed by Italy, the Czech Republic, Finland and Denmark, which together accounted for a further 20%.

Denmark, with a CAGR of +100.2%, 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 grinding, sanding and polishing machines stood at $X per unit in 2021, which is down by -14.3% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by 51%. The export price peaked at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Finland ($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 the Czech Republic (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Belgium

In 2021, imports of grinding, sanding and polishing machines into Belgium surged to X units, picking up by 57% against the previous year. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports skyrocketed to $X in 2021. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Belgium, accounting for a 59% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.6% per year) and Germany (+0.3% per year).

In value terms, the largest grinding, sanding and polishing machine suppliers to Belgium were Italy ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 71% share of total imports. These countries were followed by Germany, the Netherlands, France and Luxembourg, which together accounted for a further 27%.

Luxembourg, with a CAGR of +61.3%, 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

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, picking up by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 70%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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