Belgium: Laser Market 2024

Laser Market Size in Belgium

The Belgian laser market shrank to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Laser Production in Belgium

In value terms, laser production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Laser production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Laser Exports

Exports from Belgium

In 2022, overseas shipments of lasers, other than laser diodes decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, exports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, laser exports reduced to $X in 2022. In general, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), the Netherlands (X units) and the United States (X units) were the main destinations of laser exports from Belgium, with a combined X% share of total exports. Germany, Italy, Luxembourg, Poland, the Czech Republic, India and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest markets for laser exported from Belgium worldwide, with a combined X% share of total exports. Germany, Luxembourg, Italy, Poland, India, the UK and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average laser export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Czech Republic ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into Belgium

In 2022, after two years of growth, there was decline in supplies from abroad of lasers, other than laser diodes, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, laser imports expanded significantly to $X in 2022. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of laser to Belgium, accounting for a X% share of total imports. Moreover, laser imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was held by France (X units), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of lasers, other than laser diodes to Belgium, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average laser import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, faced a deep reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Germany ($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 a decline.

Source: IndexBox Platform

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