Belgium: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Belgium

In 2023, the Belgian machine-tool for working wood market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate perceptible growth. Machine-tool for working wood consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Belgium

In 2023, the amount of machine-tools for working wood exported from Belgium shrank remarkably to X units, falling by X% compared with 2022. In general, exports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working wood exports expanded markedly to $X in 2023. Over the period under review, total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main destinations of machine-tool for working wood exports from Belgium, together comprising X% of total exports. The UK, Poland, Italy, Sweden, the Czech Republic, Lithuania, Spain, China, Denmark and Norway lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for machine-tool for working wood exported from Belgium worldwide, together accounting for X% of total exports. Poland, China, the UK, Sweden, Italy, Lithuania, Spain, the Czech Republic, Denmark and Norway lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Lithuania, 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 2023, the average machine-tool for working wood export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the UK ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Belgium

In 2023, supplies from abroad of machine-tools for working wood decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, machine-tool for working wood imports declined markedly to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of machine-tool for working wood to Belgium, with a X% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest machine-tool for working wood suppliers to Belgium, with a combined X% share of total imports.

In terms of the main suppliers, China, 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 2023, the average machine-tool for working wood import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform