Belgium: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Belgium

The Belgian market for wiring sets used in vehicles, aircraft or ships reached $X in 2021, picking up by 4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +11.5% against 2017 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Belgium

In 2021, approx. X tons of wiring sets used in vehicles, aircraft or ships were exported from Belgium; rising by 35% compared with the previous year. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships surged to $X in 2021. In general, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +10.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 37%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Belgium, accounting for a 67% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to France exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.7% per year) and Germany (-13.4% per year).

In value terms, France ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Belgium, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 5.9% share of total exports. It was followed by the United States, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.3% per year) and the United States (-3.5% per year).

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, with a decrease of -6.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 15%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Belgium

In 2021, purchases abroad of wiring sets used in vehicles, aircraft or ships increased by 1.7% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a slight curtailment. The growth pace was the most rapid in 2016 when imports increased by 55%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. Overall, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.4% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X tons), Hungary (X tons) and France (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Belgium, together comprising 47% of total imports. These countries were followed by Poland, Morocco, Serbia, Turkey, Germany, the Netherlands and Tunisia, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +318.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Romania ($X) and France ($X) appeared to be the largest wiring sets used in vehicles, aircraft or ships suppliers to Belgium, together accounting for 51% of total imports. Poland, Turkey, Morocco, Germany, Serbia, the Netherlands and Tunisia lagged somewhat behind, together accounting for a further 33%.

Serbia, with a CAGR of +300.8%, saw 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

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, growing by 16% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wiring sets used in vehicles, aircraft or ships increased by +83.9% against 2017 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 25%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hungary ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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