Fittings for buildings market in Belgium

Earlier Report Observations

The market for base metal fittings for buildings in Belgium, measured in physical volume, expanded significantly from 2018 to 2020, rising from 31 554 t to over 40 376 t. This growth was followed by a sharp contraction in 2021, when the market volume fell to 14 122 t, and continued to decline modestly through 2023. A slight recovery to 11 431 t was observed in 2024, suggesting a period of stabilization after the earlier downturn.

In value terms, the market displayed a different trajectory. After reaching a peak of $175.5 million in 2020, the market's value entered a period of sustained decline, falling to $106.1 million by 2024. This indicates that despite periods of higher physical volume in earlier years, the overall monetary value of the market contracted over the latter part of the period.

Production fittings for buildings in Belgium

In value, 2017-2020, M $ US

Belgium's production of fittings for buildings declined for the second consecutive year. In 2020, output was valued at 112.4 million US dollars, marking a controlled decline of 3.3% compared to 2019. Production peaked in 2018 at 118.2 million US dollars, with the largest annual increase of 9.6% recorded that same year. Over the period from 2017 to 2020, production increased by 4.2%, equating to an annualized growth rate of 1.4%.

Annual dynamics of production in Belgium in value, 2017-2020, M $ US

In kind, 2017-2020, t

Belgium's production volume of fittings for buildings declined for the third consecutive year. In 2020, 7,799 tonnes were produced, showing an abrupt decline of 53.2% year-on-year. Over the period from 2017 to 2020, production decreased by 59.3%, with a compound annual growth rate of -25.9%.

Annual dynamics of production in Belgium in kind, 2017-2020, t

Exports fittings for buildings from Belgium

Exports in kind, t

Belgium's exports of fittings for buildings declined for the third consecutive year. In 2020, exports totalled 7,482 tonnes, equivalent to a decrease of 0.6% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 17.7%, with a compound annual growth rate of -6.3%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, t

From 2017 to 2020, France, the Netherlands, and the United Kingdom were the top buyers of fittings for buildings from Belgium, accounting for 25.0%, 19.3%, and 11.6% of exports in kind, respectively. Their combined share reached 55.9% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Belgium in kind, 2017-2020

Exports in value, M $ US

Belgium's exports of fittings for buildings declined for the second consecutive year. In 2020, exports stood at 104.2 million US dollars, amounting to a slight drop of 2.4% year-on-year. Exports peaked in 2018 at 112.4 million US dollars, with the largest annual increase of 1.5% recorded that year. The largest decline occurred in 2019 at 5.0%. Over the period from 2017 to 2020, exports decreased by 5.9%, equating to an annualized decline of 2.0%.

Annual dynamics of product's exports from Belgium in value, 2017-2020, M $ US

From 2017 to 2020, the leading destinations for exports in value terms were the Netherlands, Germany, and France, accounting for 22.8%, 17.3%, and 16.3% of exports in value terms, respectively. Together, they accounted for 56.3% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Belgium in value, 2017-2020

Imports fittings for buildings to Belgium

Imports in kind, t

Belgium's imports of fittings for buildings increased for the third consecutive year. In 2020, imports totalled 40,059 tonnes, indicating a sharp advance of 51.0% compared to the previous year. Over the period from 2017 to 2020, imports increased by 114.7%, with a compound annual growth rate of 29.0%.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, t

From 2017 to 2020, Germany, Finland, and the Netherlands were the top suppliers of fittings for buildings to Belgium, accounting for 40.1%, 17.2%, and 10.3% of imports in kind, respectively. Their combined share reached 67.7% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Belgium in kind, 2017-2020

Imports in value, M $ US

In 2020, Belgium's imports of fittings for buildings amounted to 167.3 million US dollars, representing a modest increase of 8.0% versus the previous year. Imports reached their lowest point in 2019 at 154.9 million US dollars, with the largest annual decline of 6.5% recorded that year. Over the period from 2017 to 2020, imports increased by 7.6%, with a compound annual growth rate of 2.5%.

Annual dynamics of product's imports to Belgium in value, 2017-2020, M $ US

From 2017 to 2020, Germany, the Netherlands, and Portugal formed the main cluster of markets for imports in value terms, accounting for 33.8%, 24.6%, and 11.2% of imports in value terms, respectively. Together, they accounted for 69.6% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Belgium in value, 2017-2020