Threshing Machinery Market Overview in Belgium
In value terms, threshing machinery production reduced to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2015 to 2019, production growth failed to regain the momentum.
The value of the threshing machinery market in Belgium contracted to $ in 2019, declining 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by % against the previous year. Threshing machinery consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.