Benelux: Festive Articles Market 2024

Festive Articles Market Size in Benelux

The Benelux festive articles market skyrocketed to $X in 2022, rising by 120% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Festive Articles Production in Benelux

In value terms, festive articles production rose notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 245%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Festive Articles Exports

Exports in Benelux

In 2022, approx. X tons of festive or carnival articles were exported in Benelux; growing by 10% on the previous year's figure. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, festive articles exports dropped to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.6% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 22%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The Netherlands was the key exporting country with an export of about X tons, which accounted for 90% of total exports. It was distantly followed by Belgium (X tons), mixing up a 10% share of total exports.

The Netherlands was also the fastest-growing in terms of the festive or carnival articles exports, with a CAGR of +17.6% from 2012 to 2022. Belgium (-8.9%) illustrated a downward trend over the same period. The Netherlands (+49 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -48.9% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +8.9%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, dropping by -18% against the previous year. In general, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 when the export price increased by 32% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%).

Festive Articles Imports

Imports in Benelux

In 2022, overseas purchases of festive or carnival articles increased by 59% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, festive articles imports contracted to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 33%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the Netherlands (X tons) was the largest importer of festive or carnival articles, constituting 89% of total imports. It was distantly followed by Belgium (X tons), committing a 10% share of total imports.

The Netherlands was also the fastest-growing in terms of the festive or carnival articles imports, with a CAGR of +13.2% from 2012 to 2022. Belgium (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +25 percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +7.5%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, dropping by -42.1% against the previous year. In general, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2014 when the import price increased by 15%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the 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 ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%).

Source: IndexBox Platform