Benelux: Insulating Fittings Market 2025

Insulating Fittings Market Size in Benelux

In 2021, the Benelux insulating fittings market increased by 27% to $X, rising for the fifth year in a row after three years of decline. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.9% against 2016 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Insulating Fittings Production in Benelux

In value terms, insulating fittings production surged to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Insulating Fittings Exports

Exports in Benelux

In 2021, approx. X tons of insulating fittings for electrical purposes were exported in Benelux; with a decrease of -25.9% against 2020 figures. In general, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 121%. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, insulating fittings exports fell remarkably to $X in 2021. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by 105% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

The shipments of the two major exporters of insulating fittings for electrical purposes, namely the Netherlands and Belgium, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +16.1%).

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021.

The Netherlands, with a CAGR of +28.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2019 an increase of 26%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%).

Insulating Fittings Imports

Imports in Benelux

In 2021, the amount of insulating fittings for electrical purposes imported in Benelux skyrocketed to X tons, jumping by 23% against 2020. Total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, insulating fittings imports surged to $X in 2021. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 53% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly 90% of total imports in 2021. It was distantly followed by Luxembourg (X tons), mixing up a 10% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Luxembourg (with a CAGR of +37.7%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported insulating fittings for electrical purposes in Benelux, comprising 78% of total imports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands amounted to +10.3%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-3.7% per year) and Luxembourg (+18.9% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, picking up by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 when the import price increased by 12% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform