Belgium: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Belgium

The Belgian finishing paper machinery market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Finishing Paper Machinery Production in Belgium

In value terms, finishing paper machinery production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Finishing paper machinery production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Finishing Paper Machinery Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of machinery for finishing paper or paperboard, which increased by X% to X units in 2022. Over the period under review, exports posted perceptible growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, finishing paper machinery exports dropped dramatically to $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

The Netherlands (X units) was the main destination for finishing paper machinery exports from Belgium, with a X% share of total exports. It was followed by Italy (X units), with a X% share of total exports. The United States (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the Netherlands ($X) emerged as the key foreign market for machinery for finishing paper or paperboard exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average finishing paper machinery export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, posted a pronounced increase. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then dropped markedly in the following year.

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

Finishing Paper Machinery Imports

Imports into Belgium

In 2022, finishing paper machinery imports into Belgium fell markedly to X units, with a decrease of X% compared with the previous year's figure. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, finishing paper machinery imports contracted remarkably to $X in 2022. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest finishing paper machinery supplier to Belgium, with a X% share of total imports. Moreover, finishing paper machinery imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was taken by China (X units), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of machinery for finishing paper or paperboard to Belgium, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

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

Import Prices by Country

In 2022, the average finishing paper machinery import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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