Belgium: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Belgium

In 2022, after four years of decline, there was significant growth in the Belgian worked flat glass market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Worked Flat Glass Production in Belgium

In value terms, worked flat glass production declined to $X in 2022 estimated in export price. Overall, production showed a perceptible reduction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Worked Flat Glass Exports

Exports from Belgium

In 2022, the amount of worked flat glass exported from Belgium fell dramatically to X tons, waning by X% on 2021 figures. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, worked flat glass exports dropped remarkably to $X in 2022. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for worked flat glass exports from Belgium, accounting for a X% share of total exports. Moreover, worked flat glass exports to the United States exceeded the volume sent to the second major destination, Luxembourg (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for worked flat glass exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Luxembourg, with a X% share.

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

Export Prices by Country

The average worked flat glass export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to the UK ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Flat Glass Imports

Imports into Belgium

In 2022, purchases abroad of worked flat glass decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, worked flat glass imports surged to $X in 2022. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of worked flat glass to Belgium, accounting for a X% share of total imports. Moreover, worked flat glass imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X), Japan ($X) and France ($X) were the largest worked flat glass suppliers to Belgium, with a combined X% share of total imports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 worked flat glass import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked flat glass import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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