Belgium: Sealed Beam Market 2024

Sealed Beam Market Size in Belgium

In 2022, the Belgian sealed beam market increased by 92% to $X, rising for the second consecutive year after four years of decline. Overall, consumption saw a relatively flat trend pattern. Sealed beam consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sealed Beam Production in Belgium

In value terms, sealed beam production declined to $X in 2022 estimated in export price. In general, production saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when the production volume increased by 71%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Sealed Beam Exports

Exports from Belgium

In 2022, the amount of sealed beam lamp units exported from Belgium shrank dramatically to X units, which is down by -25.9% on 2021. In general, exports recorded a abrupt downturn. The growth pace was the most rapid in 2015 when exports increased by 141%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, sealed beam exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 16%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units), France (X units) and Italy (X units) were the main destinations of sealed beam exports from Belgium, together comprising 56% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United States ($X) and France ($X) appeared to be the largest markets for sealed beam exported from Belgium worldwide, together comprising 49% of total exports. Germany, Italy, China, Romania, Japan, the UK and the Czech Republic lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, China, with a CAGR of +25.4%, 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 sealed beam export price stood at $X per unit in 2022, falling by -6.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 180% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Japan ($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 China (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sealed Beam Imports

Imports into Belgium

In 2022, after four years of growth, there was significant decline in overseas purchases of sealed beam lamp units, when their volume decreased by -46.3% to X units. In general, imports recorded a deep setback. The growth pace was the most rapid in 2021 when imports increased by 72% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sealed beam imports dropped rapidly to $X in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 43% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest sealed beam supplier to Belgium, accounting for a 62% share of total imports. Moreover, sealed beam imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. France (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-17.5% per year) and France (+3.6% per year).

In value terms, China ($X), France ($X) and Spain ($X) were the largest sealed beam suppliers to Belgium, together accounting for 76% of total imports. The Netherlands, Denmark, Taiwan (Chinese), Sweden and Poland lagged somewhat behind, together accounting for a further 13%.

Denmark, with a CAGR of +21.0%, saw the highest growth rate of 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

The average sealed beam import price stood at $X per unit in 2022, jumping by 42% against the previous year. In general, the import price, however, showed a pronounced downturn. Over the period under review, average import prices reached the peak figure at $X per unit 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 Spain ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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