Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium - 2023

Contents:

1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium (CIF) - 2023
2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium (FOB) - 2022
3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium
4. Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium (CIF) - 2023

In December 2023, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $4.7 per unit, picking up by 21% against the previous month. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 72% month-to-month. The import price peaked at $9.8 per unit in June 2023; however, from July 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($44.8 per unit), while the price for Vietnam ($2.5 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium (FOB) - 2022

In 2022, the average export price for drawing, marking-out or mathematical calculating instrumentses amounted to $4.3 per unit, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain 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 ($8 per unit), while the average price for exports to Poland ($2.1 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 the Netherlands (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium

In 2022, after three years of growth, there was significant decline in purchases abroad of drawing, marking-out or mathematical calculating instrumentses, when their volume decreased by -19.7% to 1.9M units. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of 2.3M units, and then contracted dramatically in the following year.

In value terms, imports of drawing, marking-out or mathematical calculating instrumentses rose notably to $10M in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 45%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Belgium in 2022:

1. China (1563.5K units)
2. France (82.5K units)
3. United States (81.0K units)
4. Germany (34.7K units)
5. Netherlands (24.8K units)
6. India (23.4K units)

Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Belgium

In 2022, the amount of drawing, marking-out or mathematical calculating instrumentses exported from Belgium was estimated at 1.8M units, almost unchanged from 2021 figures. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of drawing, marking-out or mathematical calculating instrumentses expanded significantly to $7.8M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +28.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +111.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 65%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Belgium in 2022:

1. France (469.3K units)
2. Germany (371.5K units)
3. Poland (201.6K units)
4. Spain (126.1K units)
5. United States (113.9K units)
6. Italy (92.4K units)
7. Netherlands (89.8K units)
8. Sweden (87.7K units)
9. United Kingdom (31.2K units)

Source: IndexBox Market Intelligence Platform