Benelux: Boring Machinery Market 2024

Boring Machinery Market Size in Benelux

The Benelux boring machinery market expanded modestly to $X in 2022, picking up by 2.8% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +16.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Boring Machinery Production in Benelux

In value terms, boring machinery production shrank modestly to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 56%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Boring Machinery Exports

Exports in Benelux

Boring machinery exports fell markedly to X units in 2022, shrinking by -52.9% compared with the previous year. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, boring machinery exports fell remarkably to $X in 2022. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 32% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands prevails in exports structure, recording X units, which was near 87% of total exports in 2022. It was distantly followed by Luxembourg (X units) and Belgium (X units), together constituting a 13% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -13.0% from 2012 to 2022. At the same time, Luxembourg (+23.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +23.5% from 2012-2022. By contrast, Belgium (-18.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Luxembourg increased by +6.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest boring machinery supplier in Benelux, comprising 94% of total exports. The second position in the ranking was held by Belgium ($X), with a 5.2% share of total exports.

In the Netherlands, boring machinery exports decreased by an average annual rate of -18.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-22.7% per year) and Luxembourg (+20.3% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, shrinking by -7.3% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when the export price increased by 57%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (-3.5%), while the other leaders experienced a decline in the export price figures.

Boring Machinery Imports

Imports in Benelux

In 2022, imports of boring or sinking machinery in Benelux shrank markedly to X units, falling by -45.9% against the previous year's figure. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 136%. The volume of import peaked at X units in 2021, and then fell significantly in the following year.

In value terms, boring machinery imports contracted rapidly to $X in 2022. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2016 when imports increased by 105%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) represented the main importer of boring or sinking machinery, constituting 81% of total imports. It was distantly followed by Belgium (X units), creating a 19% share of total imports.

The Netherlands was also the fastest-growing in terms of the boring or sinking machinery imports, with a CAGR of -1.7% from 2012 to 2022. Belgium (-13.7%) illustrated a downward trend over the same period. The Netherlands (+28 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -26.4% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported boring or sinking machinery in Benelux, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to -13.3%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, declining by -46.5% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 8.6% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-3.8%).

Source: IndexBox Platform