Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium - 2024

Contents:

1. Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium (FOB) - 2022
2. Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium (CIF) - 2022
3. Exports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium
4. Imports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium

Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium (FOB) - 2022

The average export price for engines; pneumatic power engines and motors, other than linear acting (cylinders)s stood at $1.4 thousand per unit in 2022, rising by 109% against the previous year. In general, the export price recorded a prominent increase. Over the period under review, the average export prices reached the peak figure at $1.9 thousand per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($2.7 thousand per unit), while the average price for exports to the Czech Republic ($829 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 Austria (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium (CIF) - 2022

In 2022, the average import price for engines; pneumatic power engines and motors, other than linear acting (cylinders)s amounted to $524 per unit, shrinking by -24.9% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 20%. As a result, import price attained the peak level of $698 per unit, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($1.3 thousand per unit), while the price for China ($90 per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.5%), while the prices for the other major suppliers experienced a decline.

Exports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium

In 2022, shipments abroad of engines; pneumatic power engines and motors, other than linear acting (cylinders)s decreased by -47.3% to 37K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 120%. As a result, the exports reached the peak of 71K units, and then fell dramatically in the following year.

In value terms, exports of engines; pneumatic power engines and motors, other than linear acting (cylinders)s expanded rapidly to $51M in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) from Belgium in 2022:

1. Germany (12.9K units)
2. France (6.2K units)
3. Italy (4.5K units)
4. China (1.9K units)
5. Netherlands (1.8K units)
6. Spain (1.8K units)
7. Poland (1.0K units)
8. Greece (0.8K units)
9. Czech Republic (0.7K units)
10. Denmark (0.7K units)
11. United States (0.6K units)
12. United Kingdom (0.6K units)
13. Austria (0.5K units)

Imports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Belgium

For the fourth consecutive year, Belgium recorded growth in purchases abroad of engines; pneumatic power engines and motors, other than linear acting (cylinders)s, which increased by 15% to 43K units in 2022. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of engines; pneumatic power engines and motors, other than linear acting (cylinders)s shrank to $23M in 2022. In general, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Imports peaked at $27M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) to Belgium in 2022:

1. Italy (12.8K units)
2. Hungary (8.9K units)
3. China (8.8K units)
4. United States (6.8K units)
5. Germany (3.2K units)
6. Netherlands (1.0K units)

Source: IndexBox Market Intelligence Platform