Benelux: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Benelux

The Benelux driving and non-driving axle market rose notably to $X in 2021, increasing by 7.7% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in Benelux

In value terms, driving and non-driving axle production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 29% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in Benelux

In 2021, after three years of decline, there was significant growth in shipments abroad of drive-axles with differential and non-driving axles, when their volume increased by 69% to X tons. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, driving and non-driving axle exports skyrocketed to $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Belgium (X tons) represented the key exporter of drive-axles with differential and non-driving axles, generating 82% of total exports. It was distantly followed by the Netherlands (X tons), generating an 18% share of total exports.

Exports from Belgium increased at an average annual rate of +2.3% from 2012 to 2021. At the same time, the Netherlands (+8.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +8.7% from 2012-2021. The Netherlands (+6.6 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -6.6% from 2012 to 2021, respectively.

In value terms, Belgium ($X) remains the largest driving and non-driving axle supplier in Benelux, comprising 80% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total exports.

In Belgium, driving and non-driving axle exports expanded at an average annual rate of +3.3% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, growing by 7.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 15% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.0%).

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in Benelux

In 2021, overseas purchases of drive-axles with differential and non-driving axles decreased by -5.9% to X tons, falling for the eighth consecutive year after two years of growth. Overall, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2013 when imports increased by 13% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, driving and non-driving axle imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) and the Netherlands (X tons) represented the main importer of drive-axles with differential and non-driving axles in Benelux, creating 100% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of -3.4%).

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

The Netherlands, with a CAGR of +3.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, picking up by 31% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.6%).

Source: IndexBox Platform