Pumps; Parts Thereof Price in Belgium - 2023

Contents:

  1. Pumps; Parts Thereof Price in Belgium (CIF) - 2023
  2. Pumps; Parts Thereof Price in Belgium (FOB) - 2022
  3. Pumps; Parts Thereof Imports in Belgium
  4. Pumps; Parts Thereof Exports in Belgium

Pumps; Parts Thereof Price in Belgium (CIF) - 2023

In June 2023, the average pumps; parts thereof import price amounted to $29,728 per ton, falling by -22.9% against the previous month. In general, the import price, however, posted a temperate increase. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 52% against the previous month. Over the period under review, average import prices hit record highs at $38,575 per ton in May 2023, and then shrank dramatically in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($79,829 per ton), while the price for Turkey ($7,813 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 Italy (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Pumps; Parts Thereof Price in Belgium (FOB) - 2022

In 2022, the average pumps; parts thereof export price amounted to $36,348 per ton, picking up by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $43,252 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($106,617 per ton), while the average price for exports to the Netherlands ($14,810 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps; Parts Thereof Imports in Belgium

After three years of growth, supplies from abroad of pumps; parts thereoves decreased by -17.5% to 12K tons in 2022. Overall, imports showed a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by 7.5%. As a result, imports reached the peak of 14K tons, and then reduced notably in the following year.

In value terms, pumps; parts thereof imports contracted sharply to $231M in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. As a result, imports reached the peak of $314M, and then fell markedly in the following year.

Import of Pumps; Parts Thereof in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands58.353.064.152.7-3.3%
Germany42.351.856.037.0-4.4%
France25.043.739.131.98.5%
United States31.626.231.824.0-8.8%
Czech Republic28.325.426.218.9-12.6%
Japan10.99.020.016.715.3%
China8.77.810.49.84.0%
Italy8.812.113.37.1-6.9%
Poland29.217.417.75.5-42.7%
Switzerland7.45.95.83.7-20.6%
United Kingdom6.88.53.93.3-21.4%
Luxembourg1.10.70.71.48.4%
Others25.122.124.818.6-9.5%
Total283284314231-6.5%

Top Suppliers of Pumps; Parts Thereof to Belgium in 2022:

  1. Netherlands (4917.4 tons)
  2. Germany (1183.0 tons)
  3. France (1056.1 tons)
  4. Czech Republic (821.8 tons)
  5. China (770.4 tons)
  6. Japan (487.2 tons)
  7. United States (423.3 tons)
  8. Poland (417.3 tons)
  9. Luxembourg (319.3 tons)
  10. Italy (317.9 tons)
  11. Switzerland (202.4 tons)
  12. United Kingdom (185.8 tons)

Pumps; Parts Thereof Exports in Belgium

After three years of growth, shipments abroad of pumps; parts thereoves decreased by -38.2% to 3.7K tons in 2022. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year.

In value terms, pumps; parts thereof exports dropped markedly to $134M in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 11%.

Export of Pumps; Parts Thereof in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan30.326.229.920.1-12.8%
Netherlands22.722.025.316.7-9.7%
France14.215.520.113.4-1.9%
United States12.214.216.013.02.1%
Germany13.013.016.211.8-3.2%
Poland31.023.823.37.6-37.4%
Italy7.59.110.67.4-0.4%
Spain5.66.69.06.34.0%
Luxembourg2.62.11.13.38.3%
Switzerland2.60.60.52.71.3%
United Kingdom6.47.12.72.5-26.9%
China8.19.86.91.8-39.4%
United Arab Emirates1.13.42.80.3-35.2%
Others33.959.048.427.5-6.7%
Total191213213134-11.1%

Top Export Markets for Pumps; Parts Thereof from Belgium in 2022:

  1. Netherlands (1124.5 tons)
  2. Japan (501.2 tons)
  3. France (474.3 tons)
  4. United States (286.4 tons)
  5. Poland (264.5 tons)
  6. Germany (133.1 tons)
  7. Luxembourg (124.4 tons)
  8. Italy (90.5 tons)
  9. United Kingdom (65.8 tons)
  10. Switzerland (59.3 tons)
  11. Spain (59.0 tons)
  12. United Arab Emirates (34.5 tons)
  13. China (20.3 tons)

Source: IndexBox Market Intelligence Platform

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