Belgium: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in Belgium

In 2022, the Belgian self-adhesive printed label market decreased by -7.1% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, posted resilient growth. Self-adhesive printed label consumption peaked at $X in 2021, and then reduced in the following year.

Self-Adhesive Printed Label Production in Belgium

In value terms, self-adhesive printed label production dropped to $X in 2022 estimated in export price. Overall, production, however, showed modest growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. Self-adhesive printed label production peaked at $X in 2021, and then fell slightly in the following year.

Self-Adhesive Printed Label Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in shipments abroad of self-adhesive printed labels, which increased by 4.3% to X tons in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.1% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 44%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, self-adhesive printed label exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of self-adhesive printed label exports from Belgium, with a combined 52% share of total exports. Italy, Spain, Germany, Finland and the UK lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +73.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-adhesive printed label exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), together comprising 50% of total exports. Poland, Italy, the UK, Spain and Finland lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Finland, with a CAGR of +39.3%, 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

The average self-adhesive printed label export price stood at $X per ton in 2022, with a decrease of -5.2% against the previous year. Overall, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in 2016 an increase of 8.9%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 UK ($X per ton), while the average price for exports to Finland ($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 the UK (+11.3%), while the prices for the other major destinations experienced a decline.

Self-Adhesive Printed Label Imports

Imports into Belgium

In 2022, overseas purchases of self-adhesive printed labels decreased by -10.9% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, self-adhesive printed label imports declined markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 19%. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main suppliers of self-adhesive printed label imports to Belgium, together comprising 87% of total imports. Italy, Poland and the UK lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) appeared to be the largest self-adhesive printed label suppliers to Belgium, together accounting for 66% of total imports. Poland, Italy and the UK lagged somewhat behind, together comprising a further 21%.

Italy, with a CAGR of +10.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 self-adhesive printed label import price amounted to $X per ton, shrinking by -8% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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