Belgium: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in Belgium

The Belgian network communications equipment market dropped remarkably to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Network Communications Equipment Production in Belgium

In value terms, network communications equipment production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Network communications equipment production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Network Communications Equipment Exports

Exports from Belgium

In 2022, shipments abroad of network communications equipment increased by X% to X units, rising for the seventh year in a row after three years of decline. Overall, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, network communications equipment exports rose significantly to $X in 2022. Over the period under review, exports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main destinations of network communications equipment exports from Belgium, with a combined X% share of total exports. Hungary and Italy lagged somewhat behind, together comprising 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 Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for network communications equipment exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total exports. Italy and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Hungary, with a CAGR of X%, saw 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 network communications equipment export price amounted to $X per unit, declining by X% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Hungary ($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 the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Network Communications Equipment Imports

Imports into Belgium

In 2022, overseas purchases of network communications equipment increased by X% to X units, rising for the seventh consecutive year after three years of decline. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, network communications equipment imports fell to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest network communications equipment supplier to Belgium, with a X% share of total imports. Moreover, network communications equipment imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the Netherlands ($X), China ($X) and the Czech Republic ($X) appeared to be the largest network communications equipment suppliers to Belgium, with a combined X% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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 network communications equipment import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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 Malaysia ($X per unit), while the price for China ($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 Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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