Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium (FOB) - 2023
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium (CIF) - 2023
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium (FOB) - 2023
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $32,153 per ton in December 2023, jumping by 52% against the previous month. Overall, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in October 2023 an increase of 64% against the previous month. The export price peaked at $42,289 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($67,510 per ton), while the average price for exports to France ($8,698 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium (CIF) - 2023
In December 2023, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $27,565 per ton, with an increase of 23% against the previous month. Over the period under review, the import price recorded a mild increase. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 103% against the previous month. Over the period under review, average import prices attained the peak figure in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($44,789 per ton), while the price for Austria ($4,356 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium
After three years of growth, shipments abroad of machines and mechanical appliances; parts, of those having individual functionses decreased by -4.8% to 11K tons in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 88%.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses shrank remarkably to $338M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 72%.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 58.4 | 84.7 | 81.9 | 57.6 | -0.5% |
| Germany | 37.5 | 52.7 | 53.9 | 53.1 | 12.3% |
| Netherlands | 16.9 | 22.5 | 26.4 | 32.6 | 24.5% |
| France | 25.8 | 60.7 | 84.6 | 31.0 | 6.3% |
| United Kingdom | 5.1 | 19.9 | 29.4 | 17.3 | 50.3% |
| China | 13.0 | 20.3 | 38.0 | 17.0 | 9.4% |
| Poland | 6.0 | 15.2 | 13.1 | 13.6 | 31.4% |
| Spain | 3.8 | 7.3 | 8.2 | 12.2 | 47.5% |
| Italy | 3.3 | 12.1 | 11.4 | 8.8 | 38.7% |
| Sweden | 1.9 | 5.8 | 7.7 | 7.4 | 57.3% |
| India | 3.0 | 4.7 | 18.3 | 6.9 | 32.0% |
| Czech Republic | 1.4 | 1.8 | 2.2 | 6.8 | 69.4% |
| Russia | 2.3 | 6.5 | 5.8 | 2.0 | -4.6% |
| Others | 47.3 | 74.2 | 88.5 | 71.3 | 14.7% |
| Total | 226 | 388 | 470 | 338 | 14.4% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Belgium in 2022:
- France (2085.0 tons)
- Germany (1981.5 tons)
- Netherlands (1752.9 tons)
- United States (831.6 tons)
- United Kingdom (425.6 tons)
- Poland (351.6 tons)
- Spain (319.7 tons)
- Czech Republic (299.1 tons)
- Sweden (271.0 tons)
- China (188.1 tons)
- Italy (186.4 tons)
- India (110.3 tons)
- Russia (96.8 tons)
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium
In 2022, overseas purchases of machines and mechanical appliances; parts, of those having individual functionses decreased by -24.3% to 17K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 53%.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses shrank significantly to $301M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 25%.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 124 | 88.0 | 113 | 96.3 | -8.1% |
| Netherlands | 38.1 | 40.7 | 44.2 | 54.1 | 12.4% |
| United States | 10.3 | 30.4 | 49.3 | 27.2 | 38.2% |
| Finland | 2.8 | 33.8 | 51.6 | 26.6 | 111.8% |
| France | 14.6 | 17.7 | 20.8 | 15.0 | 0.9% |
| China | 6.7 | 16.5 | 26.0 | 13.1 | 25.0% |
| Italy | 15.5 | 10.7 | 13.9 | 12.4 | -7.2% |
| Others | 34.4 | 71.1 | 66.0 | 56.8 | 18.2% |
| Total | 246 | 309 | 385 | 301 | 7.0% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Belgium in 2022:
- Germany (7.7K tons)
- Netherlands (4.4K tons)
- Finland (1.2K tons)
- China (0.9K tons)
- France (0.7K tons)
- Italy (0.5K tons)
- United States (0.5K tons)
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