Benelux: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Benelux

The Benelux market for electrical boards, panels, consoles, desks and cabinets dropped remarkably to $X in 2021, which is down by -58.9% against the previous year. Over the period under review, consumption showed a deep reduction. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted significantly in the following year.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in Benelux

In value terms, electric board, desk and panel production contracted remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 115%. Over the period under review, production attained the peak level at $X in 2020, and then plummeted in the following year.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports in Benelux

For the sixth year in a row, Benelux recorded growth in shipments abroad of electrical boards, panels, consoles, desks and cabinets, which increased by 5.7% to X units in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electric board, desk and panel exports soared to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +124.0% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 21%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The Netherlands represented the major exporting country with an export of about X units, which recorded 74% of total exports. It was distantly followed by Belgium (X units), creating a 24% share of total exports. Luxembourg (X units) took a minor share of total exports.

Exports from the Netherlands increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, Luxembourg (+13.8%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +13.8% from 2012-2021. By contrast, Belgium (-2.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +6.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest electric board, desk and panel supplier in Benelux, comprising 75% of total exports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total exports.

In the Netherlands, electric board, desk and panel exports increased at an average annual rate of +7.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-0.4% per year) and Luxembourg (+10.7% per year).

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, surging by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2013 when the export price increased by 36% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports in Benelux

In 2021, supplies from abroad of electrical boards, panels, consoles, desks and cabinets increased by 14% to X units, rising for the fourth year in a row after four years of decline. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, electric board, desk and panel imports surged to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units) and Belgium (X units) dominates imports structure, together constituting 96% of total imports. Luxembourg (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +4.6%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) were the countries with the highest levels of imports in 2021.

Among the main importing countries, Belgium, with a CAGR of +2.6%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, growing by 2.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 6%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform