Machinery for packing or wrapping market in Belgium

Earlier Report Observations

The Belgian market for machinery for packing or wrapping experienced considerable fluctuations between 2018 and 2024. Starting at 129.2 million USD in 2018, the market size declined to 104.3 million USD the following year before recovering to its initial level of 129.2 million USD in 2020.

After 2020, the market contracted sharply to 70.7 million USD in 2022. A partial rebound to 83.7 million USD occurred in 2023, but this was followed by a further significant reduction to 48.9 million USD in 2024.

In 2024, broader European market trends were shaping the industry, including the implementation of the EU's Packaging and Packaging Waste Regulation (PPWR) targeting sustainability and a strong focus on technological innovations like automation, robotics, and AI integration in packaging equipment.

Production machinery for packing or wrapping in Belgium

In value, 2017-2020, K $ US

In Belgium, the output value of machinery for packing or wrapping reached 86 941 thousand US dollars in 2020, marking a 2.9% increase from the previous year. However, production declined by 3.9% overall between 2018 and 2020, averaging an annualized decrease of 1.3%. The lowest value was recorded in 2019 at 84 529 thousand US dollars, which also saw the largest decline of 6.6%.

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

In kind, 2017-2020, unit

Machinery for packing or wrapping production in Belgium grew for the second consecutive year. In 2020, Belgium produced 740.0 units, up 2.4% year-on-year. From 2018 to 2020, production increased by 11.6%, translating to an annualized growth rate of 3.7%.

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

Exports machinery for packing or wrapping from Belgium

Exports in kind, K unit

In 2020, Belgium's volume of machinery for packing or wrapping exports totaled 1 548 thousand units, reflecting a 23.0% decrease compared to the previous year. Over the period from 2017 to 2020, exports fell by 31.5%, with a compound annual growth rate (CAGR) of -11.9%. The largest increase occurred in 2019, at 14.7%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, K unit

From 2017 to 2020, the United States (18.0% of exports in kind), France (17.5%), and the Netherlands (14.9%) were the primary destinations for Belgium's machinery for packing or wrapping exports in kind. Together, these three countries accounted for 50.4% of total export flows.

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

In 2020, Belgium's machinery for packing or wrapping exports in value terms amounted to 73.1 million US dollars, showing a significant decline of 18.2% from the previous year. Between 2017 and 2020, exports decreased by 19.2%, with a CAGR of -6.8%. The largest increase was recorded in 2019, at 6.9%.

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

From 2017 to 2020, Belgium's exports in value terms were distributed across a diverse range of partner countries. The United States (25.5% of exports in value terms), France (12.2%), and Germany (9.5%) collectively accounted for 47.2% of total export 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 machinery for packing or wrapping to Belgium

Imports in kind, K unit

After two years of decline, Belgium's machinery for packing or wrapping imports rebounded in 2020. Import volume reached 5 421 thousand units, surging by 34.5% from 2019. However, between 2017 and 2020, imports overall decreased by 12.9%, averaging an annualized decline of 4.5%. The lowest volume was recorded in 2019 at 4 030 thousand units, while the largest decline occurred in 2018, at 32.6%.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, K unit

Throughout 2017 to 2020, Sweden (29.0% of imports in kind), the Netherlands (20.0%), and Germany (15.0%) were the key partners for Belgium's machinery for packing or wrapping imports in kind. Together, they represented 63.9% of total import flows.

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 machinery for packing or wrapping in value terms stood at 115.3 million US dollars, showing a moderate increase of 5.6% compared to 2019. Over the period from 2017 to 2020, imports grew by 5.6%, with an annualized rate of 1.8%. The highest value was recorded in 2018 at 122.3 million US dollars, which also saw the largest increase of 12.1%. The largest decline occurred in 2019, at 10.7%.

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

From 2017 to 2020, Germany (29.8% of imports in value terms), the Netherlands (23.0%), and Italy (16.7%) consistently served as the main sources for Belgium's machinery for packing or wrapping imports in value terms. Collectively, they accounted for 69.5% of total import flows.

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

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