| Product Code: ETC5111725 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continues to be a key importer of cards, with top countries like Netherlands, Czechia, USA, Germany, and China dominating the market. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. The impressive Compound Annual Growth Rate (CAGR) of 15.53% from 2020-2024 demonstrates sustained growth in the industry. Although the growth rate slightly slowed to 2.35% from 2023-2024, the overall outlook for Belgium`s cards import market remains positive and resilient.

By 2027, the Cards market in Belgium is anticipated to reach a growth rate of 2.10%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Cards Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Cards Market - Industry Life Cycle |
3.4 Belgium Cards Market - Porter's Five Forces |
3.5 Belgium Cards Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Cards Market Revenues & Volume Share, By Usage, 2021 & 2031F |
3.7 Belgium Cards Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Belgium Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of contactless payment methods in Belgium |
4.2.2 Growing preference for cashless transactions among consumers |
4.2.3 Technological advancements in payment processing systems |
4.3 Market Restraints |
4.3.1 Security concerns related to card payments |
4.3.2 Regulatory challenges in the financial services sector in Belgium |
5 Belgium Cards Market Trends |
6 Belgium Cards Market Segmentations |
6.1 Belgium Cards Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Cards Market Revenues & Volume, By General Purpose, 2021-2031F |
6.1.3 Belgium Cards Market Revenues & Volume, By Private Label, 2021-2031F |
6.2 Belgium Cards Market, By Usage |
6.2.1 Overview and Analysis |
6.2.2 Belgium Cards Market Revenues & Volume, By General Purpose Re-Loadable Card, 2021-2031F |
6.2.3 Belgium Cards Market Revenues & Volume, By Government Benefit/Disbursement Card, 2021-2031F |
6.2.4 Belgium Cards Market Revenues & Volume, By Payroll Card, 2021-2031F |
6.2.5 Belgium Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3 Belgium Cards Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Belgium Cards Market Revenues & Volume, By Retail Establishments, 2021-2031F |
6.3.3 Belgium Cards Market Revenues & Volume, By Corporate Institutions, 2021-2031F |
6.3.4 Belgium Cards Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Belgium Cards Market Revenues & Volume, By Financial Institutions, 2021-2031F |
6.3.6 Belgium Cards Market Revenues & Volume, By Others, 2021-2031F |
7 Belgium Cards Market Import-Export Trade Statistics |
7.1 Belgium Cards Market Export to Major Countries |
7.2 Belgium Cards Market Imports from Major Countries |
8 Belgium Cards Market Key Performance Indicators |
8.1 Average transaction value per card |
8.2 Number of new card applications processed |
8.3 Percentage of card transactions made using contactless payment technology |
9 Belgium Cards Market - Opportunity Assessment |
9.1 Belgium Cards Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Cards Market Opportunity Assessment, By Usage, 2021 & 2031F |
9.3 Belgium Cards Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Belgium Cards Market - Competitive Landscape |
10.1 Belgium Cards Market Revenue Share, By Companies, 2024 |
10.2 Belgium Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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