Benelux: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Benelux

The Benelux grinding and sharpening machine market surged to $X in 2022, growing by 72% against the previous year. Overall, consumption posted a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Grinding And Sharpening Metal Finishing Machines in Benelux

In value terms, grinding and sharpening machine production dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 338% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in Benelux

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by -20.7% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2018 when exports increased by 145%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine exports reached $X in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 53%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the major exporter of grinding and sharpening metal finishing machines in Benelux, with the volume of exports finishing at X units, which was near 89% of total exports in 2022. It was distantly followed by Belgium (X units), creating a 10% share of total exports.

The Netherlands was also the fastest-growing in terms of the grinding and sharpening metal finishing machines exports, with a CAGR of +3.7% from 2012 to 2022. Belgium (-3.0%) illustrated a downward trend over the same period. The Netherlands (+8.1 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest grinding and sharpening machine supplier in Benelux, comprising 71% of total exports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total exports.

In the Netherlands, grinding and sharpening machine exports decreased by an average annual rate of -5.1% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, surging by 42% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2021 an increase of 85%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-6.8%).

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in Benelux

In 2022, approx. X units of grinding and sharpening metal finishing machines were imported in Benelux; shrinking by -3.1% against 2021 figures. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 135% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, grinding and sharpening machine imports contracted sharply to $X in 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands was the key importing country with an import of about X units, which accounted for 86% of total imports. It was distantly followed by Belgium (X units), generating a 13% share of total imports.

The Netherlands was also the fastest-growing in terms of the grinding and sharpening metal finishing machines imports, with a CAGR of +7.4% from 2012 to 2022. At the same time, Belgium (+3.8%) displayed positive paces of growth. While the share of the Netherlands (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-4.3 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in Benelux, comprising 69% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands was relatively modest.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, with a decrease of -33.9% against the previous year. Overall, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2021 when the import price increased by 89% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices 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 the Netherlands (-7.5%).

Source: IndexBox Platform