Key Market Indicators
Belgian home appliance sales dropped 3.8% from €178.9 million in 2019 to €172.2 million in 2020, putting the country at number 19, behind Greece's €172.2 million. Italy, Poland, and France respectively occupied the next three spots. Export of Belgian home appliances is estimated to grow at a CAGR of 2.6% over the next five years, from $582.7 million in 2021 to $674.3 million in 2026. Since 2004, supply has increased 6.5% year-on-year. Hungary topped the 2021 rankings with $582.7 million, followed by Germany, Malaysia, and the United States. Import of Belgian home appliances is expected to grow at a 2.3% average annual rate over the next five years, from $685.6 million in 2021 to $781.9 million in 2026. Since 2004, demand has risen 4.9% year-on-year. Canada was the leader in 2021 with $685.6 million, followed by Germany, Japan, and France.
