Benelux: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Benelux

After two years of decline, the Benelux construction equipment blade market increased by 119% to $X in 2022. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Construction Equipment Blade Production in Benelux

In value terms, construction equipment blade production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 62%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Construction Equipment Blade Exports

Exports in Benelux

In 2022, after five years of growth, there was significant decline in shipments abroad of blades for construction equipment, when their volume decreased by -31.3% to X units. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, construction equipment blade exports reduced remarkably to $X in 2022. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 81%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands was the key exporting country with an export of about X units, which finished at 67% of total exports. It was distantly followed by Belgium (X units), generating a 33% share of total exports.

The Netherlands was also the fastest-growing in terms of the blades for construction equipment exports, with a CAGR of -3.9% from 2012 to 2022. Belgium (-5.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-4.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, the Netherlands, with a CAGR of -4.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, waning by -20.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 60% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.9%).

Construction Equipment Blade Imports

Imports in Benelux

In 2022, the amount of blades for construction equipment imported in Benelux rose markedly to X units, with an increase of 8.9% on 2021 figures. Overall, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of 107% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, construction equipment blade imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 68% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) represented the main importer of blades for construction equipment, comprising 65% of total imports. It was distantly followed by Belgium (X units), making up a 33% share of total imports. Luxembourg (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +20.9%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest construction equipment blade importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

In terms of the main importing countries, Belgium, with a CAGR of +1.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, with an increase of 9.9% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 32%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform