Non-Reinforced Rubber Tubing Market in Belgium
Market Overview
The Belgian non-reinforced rubber tubing market skyrocketed to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market failed to regain momentum.
In value terms, non-reinforced rubber tubing production skyrocketed to $ in estimated in export price. In general, production posted a mild expansion. The growth pace was the most rapid in 2015 with an increase of %. As a result, production attained the peak level of $. From 2016 to , production growth failed to regain momentum.
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market failed to regain momentum.In value terms, non-reinforced rubber tubing production skyrocketed to $
in estimated in export price. In general, production posted a mild expansion. The growth pace was the most rapid in 2015 with an increase of %. As a result, production attained the peak level of $. From 2016 to , production growth failed to regain momentum.Consumption
In , consumption of rubber tubing not reinforced increased by % to tons, rising for the second year in a row after three years of decline. Overall, consumption recorded a tangible expansion. Over the period under review, consumption reached the peak volume at tons in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
The size of the non-reinforced rubber tubing market in Belgium totaled $ in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market remained at a lower figure.
, consumption of rubber tubing not reinforced increased by % to tons, rising for the second year in a row after three years of decline. Overall, consumption recorded a tangible expansion. Over the period under review, consumption reached the peak volume at tons in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.The size of the non-reinforced rubber tubing market in Belgium totaled $
in , remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for rubber tubing not reinforced in Belgium, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Non-reinforced rubber tubing market in Belgium consists almost entirely of imported products.
Trade Balance
Belgium remains a net importer of non-reinforced rubber tubing; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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