Benelux: Hay-Making Machinery Market 2025

Hay-Making Machinery Market Size in Benelux

The Benelux hay-making machinery market was estimated at $X in 2021, surging by 4.9% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Hay-Making Machinery Production in Benelux

In value terms, hay-making machinery production reduced to $X in 2021 estimated in export price. Overall, production showed a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of 60%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Hay-Making Machinery Exports

Exports in Benelux

In 2021, the amount of hay-making machinery exported in Benelux soared to X units, picking up by 58% compared with the previous year. Over the period under review, exports, however, showed a abrupt slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hay-making machinery exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt setback. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands was the largest exporting country with an export of around X units, which reached 67% of total exports. Belgium (X units) ranks second in terms of the total exports with a 27% share, followed by Luxembourg (5.4%).

From 2012 to 2021, average annual rates of growth with regard to hay-making machinery exports from the Netherlands stood at -19.9%. At the same time, Belgium (+9.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +9.5% from 2012-2021. By contrast, Luxembourg (-2.6%) illustrated a downward trend over the same period. Belgium (+25 p.p.) and Luxembourg (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -29.1% from 2012 to 2021, respectively.

In value terms, the largest hay-making machinery supplying countries in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Among the main exporting countries, Belgium, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, growing by 5.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2013 when the export price increased by 13% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 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 ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the other leaders experienced a decline in the export price figures.

Hay-Making Machinery Imports

Imports in Benelux

In 2021, the amount of hay-making machinery imported in Benelux soared to X units, surging by 50% compared with the previous year's figure. Over the period under review, imports, however, saw a pronounced reduction. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hay-making machinery imports surged to $X in 2021. In general, imports, however, recorded a perceptible slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands was the largest importer of hay-making machinery in Benelux, with the volume of imports resulting at X units, which was near 71% of total imports in 2021. Belgium (X units) ranks second in terms of the total imports with a 20% share, followed by Luxembourg (8.8%).

Imports into the Netherlands decreased at an average annual rate of -5.9% from 2012 to 2021. At the same time, Luxembourg (+2.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +2.7% from 2012-2021. By contrast, Belgium (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Luxembourg and Belgium increased by +4.4 and +3.2 percentage points, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported hay-making machinery in Benelux, comprising 73% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports.

In the Netherlands, hay-making machinery imports contracted by an average annual rate of -3.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (-3.9% per year) and Luxembourg (+1.8% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, with a decrease of -11.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 an increase of 36%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, 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 the Netherlands (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform