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Belgium - Road Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoad Wheel Price in Belgium - 2023
Contents:
- Road Wheel Price in Belgium (CIF) - 2023
- Road Wheel Price in Belgium (FOB) - 2023
- Road Wheel Imports in Belgium
- Road Wheel Exports in Belgium
Road Wheel Price in Belgium (CIF) - 2023
In August 2023, the average road wheel import price amounted to $7,915 per ton, reducing by -4.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 27% month-to-month. Over the period under review, average import prices reached the peak figure at $8,640 per ton in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($10,298 per ton), while the price for India ($2,405 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Road Wheel Price in Belgium (FOB) - 2023
In August 2023, the average road wheel export price amounted to $8,149 per ton, which is down by -4.3% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 19% month-to-month. The export price peaked at $9,079 per ton in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Switzerland ($18,993 per ton), while the average price for exports to France ($4,235 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Road Wheel Imports in Belgium
In 2022, approx. 63K tons of road wheels were imported into Belgium; which is down by -23% compared with 2021 figures. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports reached the peak of 82K tons, and then declined rapidly in the following year.
In value terms, road wheel imports contracted to $499M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $550M, and then declined in the following year.
Import of Road Wheel in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 218 | 209 | 201 | 179 | -6.4% |
Poland | 81.9 | 79.7 | 144 | 140 | 19.6% |
Turkey | 47.3 | 45.6 | 67.7 | 78.5 | 18.4% |
Netherlands | 17.3 | 17.3 | 20.6 | 19.1 | 3.4% |
France | 9.2 | 15.9 | 25.7 | 18.2 | 25.5% |
Hungary | 32.9 | 26.7 | 23.7 | 11.8 | -29.0% |
Italy | 36.3 | 32.4 | 16.3 | 9.8 | -35.4% |
Sweden | 7.6 | 9.8 | 11.5 | 8.8 | 5.0% |
Others | 49.5 | 36.8 | 38.7 | 33.4 | -12.3% |
Total | 500 | 473 | 550 | 499 | -0.1% |
Top Suppliers of Road Wheel to Belgium in 2022:
- Germany (20.5K tons)
- Turkey (14.1K tons)
- Poland (13.6K tons)
- Netherlands (3.7K tons)
- France (2.6K tons)
- Sweden (1.9K tons)
- Italy (1.2K tons)
- Hungary (1.0K tons)
Road Wheel Exports in Belgium
In 2022, overseas shipments of road wheels decreased by -35% to 30K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 9.3%. As a result, the exports reached the peak of 48K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, road wheel exports reduced to $314M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports reached the peak of $348M, and then fell in the following year.
Export of Road Wheel in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 141 | 149 | 171 | 127 | -3.4% |
France | 22.3 | 24.4 | 38.1 | 74.8 | 49.7% |
Germany | 15.5 | 18.9 | 19.7 | 25.8 | 18.5% |
Netherlands | 25.0 | 25.9 | 28.1 | 24.9 | -0.1% |
Switzerland | 11.3 | 16.6 | 20.8 | 14.3 | 8.2% |
Poland | 7.6 | 7.2 | 12.1 | 10.7 | 12.1% |
Italy | 7.5 | 7.8 | 9.4 | 6.1 | -6.7% |
United Kingdom | 6.0 | 5.3 | 8.3 | 4.2 | -11.2% |
Luxembourg | 9.5 | 3.3 | 6.6 | 3.7 | -27.0% |
Austria | 4.4 | 4.4 | 4.7 | 2.9 | -13.0% |
Brazil | 8.1 | 6.0 | 2.0 | 1.1 | -48.6% |
Russia | 4.4 | 3.3 | 4.2 | 0.7 | -45.8% |
Others | 21.0 | 24.2 | 22.8 | 18.2 | -4.7% |
Total | 284 | 296 | 348 | 314 | 3.4% |
Top Export Markets for Road Wheel from Belgium in 2022:
- France (11.7K tons)
- Netherlands (4.1K tons)
- Sweden (3.8K tons)
- Germany (3.6K tons)
- Poland (1.5K tons)
- Switzerland (1.0K tons)
- Italy (0.7K tons)
- United Kingdom (0.6K tons)
- Luxembourg (0.3K tons)
- Austria (0.3K tons)
- Russia (0.3K tons)
- Brazil (0.2K tons)
This report provides an in-depth analysis of the road wheel 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 29323040 - Road wheels and parts and accessories thereof
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
-
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
-
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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