Benelux: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Benelux

The Benelux sugar-manufacturing industrial machinery market fell remarkably to $X in 2022, shrinking by -37.4% against the previous year. In general, consumption, however, continues to indicate a moderate expansion. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Sugar-Manufacturing Industrial Machinery Production in Benelux

In value terms, sugar-manufacturing industrial machinery production reduced notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 965%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Benelux

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of sugar increased by 0.4% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2013 when exports increased by 423% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports surged to $X in 2022. In general, exports, however, recorded a precipitous decrease. The growth pace was the most rapid in 2015 with an increase of 134% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium was the major exporter of industrial machinery for the manufacture or preparation of sugar in Benelux, with the volume of exports finishing at X units, which was near 85% of total exports in 2022. It was distantly followed by the Netherlands (X units), mixing up a 15% share of total exports.

Belgium was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of -16.4% from 2012 to 2022. The Netherlands (-18.0%) illustrated a downward trend over the same period. Belgium (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -2.6% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest sugar-manufacturing industrial machinery supplier in Benelux, comprising 94% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled -16.8%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, with an increase of 19% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when the export price increased by 84% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.5%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in Benelux

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were imported in Benelux; which is down by -24% compared with 2021. Over the period under review, imports showed a deep slump. The growth pace was the most rapid in 2013 when imports increased by 319%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports soared to $X in 2022. Overall, imports recorded a noticeable setback. The growth pace was the most rapid in 2017 when imports increased by 272% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X units) represented the major importer of industrial machinery for the manufacture or preparation of sugar, constituting 83% of total imports. It was distantly followed by the Netherlands (X units), achieving a 17% share of total imports.

Belgium was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar imports, with a CAGR of -12.0% from 2012 to 2022. The Netherlands (-22.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +24 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Benelux, comprising 70% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 30% share of total imports.

In Belgium, sugar-manufacturing industrial machinery imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, growing by 107% against the previous year. Overall, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when the import price increased by 163%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.6%).

Source: IndexBox Platform