Benelux: Gear Cutting Machine Market 2025

Gear Cutting Machine Market Size in Benelux

The Benelux gear cutting machine market dropped to $X in 2021, waning by -6.7% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Gear Cutting Machine Production in Benelux

In value terms, gear cutting machine production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 13%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Gear Cutting Machine Exports

Exports in Benelux

In 2021, shipments abroad of gear cutting, gear grinding or gear finishing machines increased by 107% to X units, rising for the third year in a row after two years of decline. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 354%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, gear cutting machine exports expanded notably to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 326% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, the Netherlands (X units), followed by Belgium (X units) represented the largest exporters of gear cutting, gear grinding or gear finishing machines, together generating 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +57.4%).

In value terms, the largest gear cutting machine supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

In terms of the main exporting countries, Belgium, with a CAGR of +50.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, waning by -48.5% against the previous year. In general, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 216% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.9%).

Gear Cutting Machine Imports

Imports in Benelux

In 2021, the amount of gear cutting, gear grinding or gear finishing machines imported in Benelux shrank sharply to X units, with a decrease of -35.8% compared with 2020 figures. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 1,450% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, gear cutting machine imports plummeted to $X in 2021. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 421%. The level of import peaked at $X in 2020, and then dropped rapidly in the following year.

Imports by Country

The Netherlands represented the key importer of gear cutting, gear grinding or gear finishing machines in Benelux, with the volume of imports accounting for X units, which was near 74% of total imports in 2021. It was distantly followed by Belgium (X units), constituting a 23% share of total imports. Luxembourg (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to gear cutting machine imports into the Netherlands stood at +19.0%. At the same time, Belgium (+21.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +21.0% from 2012-2021. By contrast, Luxembourg (-3.5%) illustrated a downward trend over the same period. The Netherlands (+9.5 p.p.) and Belgium (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg saw its share reduced by -15.3% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Benelux, comprising 83% of total imports. The second position in the ranking was held by Belgium ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +27.7%. In the other countries, the average annual rates were as follows: Belgium (+3.6% per year) and Luxembourg (+31.8% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, falling by -33.3% against the previous year. In general, the import price, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by 689%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+36.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform