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Belgium - Instruments Used In Medical Sciences - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMedical Instruments Price in Belgium - 2023
Contents:
- Medical Instruments Price in Belgium (CIF) - 2023
- Medical Instruments Price in Belgium (FOB) - 2023
- Medical Instruments Imports in Belgium
- Medical Instruments Exports in Belgium
Medical Instruments Price in Belgium (CIF) - 2023
The average medical instruments import price stood at $56,378 per ton in June 2023, dropping by -18.4% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 24% month-to-month. Over the period under review, average import prices hit record highs at $82,698 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($177K per ton), while the price for Austria ($6,107 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Medical Instruments Price in Belgium (FOB) - 2023
In June 2023, the average medical instruments export price amounted to $58,618 per ton, falling by -11% against the previous month. Over the period under review, the export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 8.6% against the previous month. Over the period under review, the average export prices hit record highs at $75,099 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the Netherlands ($111K per ton), while the average price for exports to Morocco ($1,135 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Medical Instruments Imports in Belgium
In 2022, medical instruments imports into Belgium amounted to 34K tons, growing by 5.6% on 2021 figures. The total import volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 26% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, medical instruments imports amounted to $3.1B in 2022. The total import value increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 32%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Medical Instruments in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 751 | 985 | 1,034 | 1,113 | 14.0% |
United States | 452 | 547 | 551 | 401 | -3.9% |
Netherlands | 184 | 229 | 294 | 349 | 23.8% |
Germany | 125 | 179 | 185 | 179 | 12.7% |
Vietnam | 66.0 | 81.7 | 87.6 | 132 | 26.0% |
Japan | 131 | 186 | 191 | 120 | -2.9% |
United Kingdom | 79.4 | 98.7 | 110 | 113 | 12.5% |
Ireland | 23.0 | 74.4 | 87.8 | 79.4 | 51.1% |
France | 42.5 | 53.4 | 67.2 | 59.4 | 11.8% |
China | 13.4 | 26.5 | 36.2 | 46.2 | 51.1% |
Italy | 47.5 | 61.5 | 48.4 | 45.6 | -1.4% |
India | 4.7 | 5.3 | 1.2 | 17.7 | 55.6% |
Thailand | 4.7 | 7.4 | 7.1 | 8.9 | 23.7% |
Others | 256 | 347 | 419 | 475 | 22.9% |
Total | 2,180 | 2,881 | 3,119 | 3,139 | 12.9% |
Top Suppliers of Medical Instruments to Belgium in 2022:
- Netherlands (4.7K tons)
- Germany (4.7K tons)
- Mexico (3.7K tons)
- United Kingdom (3.7K tons)
- United States (3.1K tons)
- Ireland (2.2K tons)
- Vietnam (1.8K tons)
- China (1.4K tons)
- India (1.1K tons)
- France (1.0K tons)
- Japan (1.0K tons)
- Thailand (1.0K tons)
- Italy (0.6K tons)
Medical Instruments Exports in Belgium
In 2022, after three years of growth, there was significant decline in overseas shipments of instruments used in medical sciences, when their volume decreased by -9% to 23K tons. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 47%.
In value terms, medical instruments exports expanded notably to $3.1B in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 40% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
Export of Medical Instruments in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 324 | 469 | 494 | 422 | 9.2% |
Italy | 215 | 284 | 289 | 305 | 12.4% |
France | 214 | 295 | 311 | 287 | 10.3% |
Spain | 148 | 201 | 220 | 245 | 18.3% |
United Kingdom | 185 | 209 | 208 | 195 | 1.8% |
Netherlands | 103 | 160 | 169 | 156 | 14.8% |
China | 32.5 | 43.8 | 86.6 | 126 | 57.1% |
Saudi Arabia | 36.6 | 57.0 | 50.8 | 107 | 43.0% |
Russia | 45.1 | 62.7 | 60.2 | 107 | 33.4% |
Poland | 41.1 | 54.5 | 52.8 | 55.1 | 10.3% |
Sweden | 39.4 | 47.2 | 48.2 | 55.1 | 11.8% |
Turkey | 26.7 | 37.0 | 37.1 | 38.9 | 13.4% |
Australia | 17.2 | 30.6 | 49.6 | 37.6 | 29.8% |
Others | 556 | 821 | 879 | 984 | 21.0% |
Total | 1,984 | 2,772 | 2,957 | 3,122 | 16.3% |
Top Export Markets for Medical Instruments from Belgium in 2022:
- Germany (2.7K tons)
- France (2.0K tons)
- Spain (1.5K tons)
- United Kingdom (1.4K tons)
- Netherlands (1.2K tons)
- Italy (1.1K tons)
- Saudi Arabia (1.0K tons)
- China (1.0K tons)
- Australia (0.9K tons)
- Poland (0.9K tons)
- Turkey (0.8K tons)
- Sweden (0.5K tons)
- Russia (0.5K tons)
This report provides an in-depth analysis of the medical instruments market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32501333 - Instruments and apparatus for measuring blood-pressure (including sphygmomanometers, tensiometers, oscillometers)
- Prodcom 32501335 - Endoscopes for medical purposes
- Prodcom 32501353 - Renal dialysis equipment
- Prodcom 32501355 - Diathermic apparatus (including ultrasonic)
- Prodcom 32501363 - Transfusion apparatus (excluding special blood storage glass bottles)
- Prodcom 32501365 - Anaesthetic apparatus and instruments
- Prodcom 32501370 - Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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