Benelux: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Benelux

The Benelux stone polishing machine market dropped slightly to $X in 2022, declining by -1.9% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Stone Polishing Machine Production in Benelux

In value terms, stone polishing machine production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Stone Polishing Machine Exports

Exports in Benelux

In 2022, shipments abroad of grinding or polishing machines for working stone, ceramics and concrete decreased by -18.5% to X units, falling for the second consecutive year after three years of growth. Overall, exports showed a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 288% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, stone polishing machine exports contracted sharply to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 74% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced markedly in the following year.

Exports by Country

In 2022, Belgium (X units) represented the major exporter of grinding or polishing machines for working stone, ceramics and concrete, mixing up 67% of total exports. It was distantly followed by the Netherlands (X units), committing a 32% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to stone polishing machine exports from Belgium stood at -6.0%. At the same time, the Netherlands (+13.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +13.3% from 2012-2022. The Netherlands (+25 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -24.2% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest stone polishing machine supplier in Benelux, comprising 62% of total exports. The second position in the ranking was held by Belgium ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +3.2%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, with a decrease of -30.9% against the previous year. Overall, the export price, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2017 an increase of 305% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, 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 the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.2%).

Stone Polishing Machine Imports

Imports in Benelux

In 2022, stone polishing machine imports in Benelux shrank significantly to X units, with a decrease of -64.4% against the previous year. In general, imports, however, recorded a mild increase. The pace of growth appeared the most rapid in 2019 when imports increased by 167%. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped markedly in the following year.

In value terms, stone polishing machine imports declined markedly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

Belgium represented the key importing country with an import of around X units, which recorded 69% of total imports. It was distantly followed by the Netherlands (X units), making up a 30% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to stone polishing machine imports into Belgium stood at +1.9%. At the same time, the Netherlands (+2.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +2.1% from 2012-2022. From 2012 to 2022, the share of Belgium increased by +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stone polishing machine importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main importing countries, Belgium, with a CAGR of +1.2%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, surging by 44% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 112%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.7%).

Source: IndexBox Platform