Belgium: Wire And Cable Market 2024

Wire And Cable Market Size in Belgium

In 2022, the Belgian wire and cable market increased by X% to $X, rising for the sixth year in a row after four years of decline. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Production in Belgium

In value terms, wire and cable production expanded remarkably to $X in 2022 estimated in export price. In general, production saw a deep contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Wire and cable production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wire And Cable Exports

Exports from Belgium

After three years of growth, shipments abroad of insulated wire and cable decreased by X% to X tons in 2022. Over the period under review, exports recorded a mild decline. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports rose modestly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of wire and cable exports from Belgium, with a combined X% share of total exports. Spain, Italy, Luxembourg, the UK and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total exports. Spain, Italy, the UK, Sweden and Luxembourg lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 wire and cable export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Belgium

For the fourth year in a row, Belgium recorded growth in purchases abroad of insulated wire and cable, which increased by X% to X tons in 2022. Overall, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports expanded significantly to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of wire and cable imports to Belgium, together comprising X% of total imports. The Netherlands, China, Spain, Turkey, Romania, Portugal, Hungary and Poland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest wire and cable suppliers to Belgium were France ($X), China ($X) and Italy ($X), together comprising X% of total imports. Germany, Romania, Hungary, the Netherlands, Turkey, Poland, Spain and Portugal lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average wire and cable import price amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Hungary ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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