Belgium: Working Wire Machine Market 2024

Working Wire Machine Market Size in Belgium

After two years of decline, the Belgian working wire machine market increased by X% to $X in 2022. Overall, consumption, however, enjoyed a noticeable increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Working Wire Machine Production in Belgium

In value terms, working wire machine production expanded sharply to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Working Wire Machine Exports

Exports from Belgium

In 2022, shipments abroad of machines for working wire increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, working wire machine exports soared to $X in 2022. Over the period under review, exports, however, showed a mild descent. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and the Czech Republic (X units) were the main destinations of working wire machine exports from Belgium, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) emerged as the key foreign market for machines for working wire exports from Belgium, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average working wire machine export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price posted buoyant growth. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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

Working Wire Machine Imports

Imports into Belgium

In 2022, approx. X units of machines for working wire were imported into Belgium; remaining stable against the year before. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, working wire machine imports stood at $X in 2022. Overall, imports recorded a perceptible increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), the Netherlands (X units) and China (X units) were the main suppliers of working wire machine imports to Belgium, together accounting for X% of total imports. Taiwan (Chinese), Germany, the United States, the UK and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Netherlands ($X), Taiwan (Chinese) ($X) and China ($X) were the largest working wire machine suppliers to Belgium, together comprising X% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to 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

The average working wire machine import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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