Belgium: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Belgium

The Belgian lathe for removing metal market skyrocketed to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption saw strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lathes For Removing Metal in Belgium

In value terms, lathe for removing metal production skyrocketed to $X in 2023 estimated in export price. Overall, production, however, saw a deep slump. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Lathe for removing metal production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Belgium

In 2023, exports of lathes for removing metal from Belgium expanded significantly to X units, increasing by X% compared with 2022. In general, exports recorded a measured expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the lafor removing metal exports attained the maximum in 2023 and are expected to retain growth in the near future.

In value terms, lathe for removing metal exports expanded rapidly to $X in 2023. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the lafor removing metal exports attained the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), the Czech Republic (X units) and France (X units) were the main destinations of lathe for removing metal exports from Belgium, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) were the largest markets for lathe for removing metal exported from Belgium worldwide, together accounting for X% of total exports.

Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average lathe for removing metal export price amounted to $X per unit, stabilizing at the previous year. In general, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Belgium

In 2023, supplies from abroad of lathes for removing metal decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, lathe for removing metal imports rose notably to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, China (X units) constituted the largest supplier of lathe for removing metal to Belgium, accounting for a X% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, Japan ($X) constituted the largest supplier of lathes for removing metal to Belgium, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price, however, recorded a drastic downturn. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform