Benelux: Escalator Market 2024

Escalator Market Size in Benelux

In 2022, the Benelux escalator market increased by 8.8% to $X, rising for the second year in a row after six years of decline. Over the period under review, consumption, however, continues to indicate a noticeable decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Escalator Production in Benelux

In value terms, escalator production fell significantly to $X in 2022 estimated in export price. In general, production showed a slight setback. The growth pace was the most rapid in 2014 with an increase of 131% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Escalator Exports

Exports in Benelux

After two years of growth, overseas shipments of escalators and moving WalkWays decreased by -90.4% to X units in 2022. In general, exports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,722% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, escalator exports contracted significantly to $X in 2022. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of 410% against the previous year. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The Netherlands represented the key exporting country with an export of around X units, which accounted for 86% of total exports. It was distantly followed by Belgium (X units), constituting a 12% share of total exports. Luxembourg (X units) held a minor share of total exports.

The Netherlands was also the fastest-growing in terms of the escalators and moving WalkWays exports, with a CAGR of +8.8% from 2012 to 2022. Belgium (-6.7%) and Luxembourg (-20.6%) illustrated a downward trend over the same period. The Netherlands (+41 p.p.) significantly strengthened its position in terms of the total exports, while Belgium and Luxembourg saw its share reduced by -17.8% and -23% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest escalator supplier in Benelux, comprising 85% of total exports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-12.7% per year) and Luxembourg (-45.0% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, declining by -45.4% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 14,431%. As a result, the export price reached the peak level of $X per unit. From 2018 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 ($X per unit), while Luxembourg ($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 (-6.5%), while the other leaders experienced a decline in the export price figures.

Escalator Imports

Imports in Benelux

In 2022, after four years of growth, there was significant decline in overseas purchases of escalators and moving WalkWays, when their volume decreased by -59.6% to X units. In general, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 168% against the previous year. The volume of import peaked at X units in 2021, and then reduced notably in the following year.

In value terms, escalator imports declined significantly to $X in 2022. Over the period under review, imports showed a perceptible reduction. The growth pace was the most rapid in 2020 with an increase of 74%. Over the period under review, imports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

The Netherlands was the key importing country with an import of around X units, which accounted for 80% of total imports. It was distantly followed by Belgium (X units), mixing up a 17% share of total imports. Luxembourg (X units) held a minor share of total imports.

Imports into the Netherlands decreased at an average annual rate of -2.8% from 2012 to 2022. At the same time, Belgium (+7.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +7.2% from 2012-2022. By contrast, Luxembourg (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +9.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported escalators and moving WalkWays in Benelux, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled -4.9%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+10.4% per year) and Luxembourg (-2.8% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, shrinking by -2.2% against the previous year. Over the period under review, the import price saw a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform