Benelux: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Benelux

In 2022, the Benelux steel plaited band market decreased by -80.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a sharp setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Steel Plaited Band Production in Benelux

In value terms, steel plaited band production rose notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 223% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Steel Plaited Band Exports

Exports in Benelux

In 2022, shipments abroad of iron or steel plaited bands and slings decreased by -17.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 39% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, steel plaited band exports contracted sharply to $X in 2022. Over the period under review, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands represented the key exporter of iron or steel plaited bands and slings in Benelux, with the volume of exports amounting to X tons, which was near 80% of total exports in 2022. It was distantly followed by Belgium (X tons), generating an 18% share of total exports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of iron or steel plaited bands and slings. Belgium (-3.2%) and Luxembourg (-8.2%) illustrated a downward trend over the same period. The Netherlands (+7.7 p.p.) significantly strengthened its position in terms of the total exports, while Luxembourg and Belgium saw its share reduced by -2.7% and -4.9% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest steel plaited band supplier in Benelux, comprising 77% of total exports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to -5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-0.5% per year) and Luxembourg (-7.9% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, waning by -12.1% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The growth pace was the most rapid in 2014 when the export price increased by 35% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Steel Plaited Band Imports

Imports in Benelux

In 2022, imports of iron or steel plaited bands and slings in Benelux shrank rapidly to X tons, dropping by -74% compared with the previous year. Over the period under review, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 294%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, steel plaited band imports contracted rapidly to $X in 2022. Overall, imports showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 158% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands represented the main importer of iron or steel plaited bands and slings in Benelux, with the volume of imports amounting to X tons, which was approx. 77% of total imports in 2022. It was distantly followed by Belgium (X tons), creating a 20% share of total imports. Luxembourg (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to steel plaited band imports into the Netherlands stood at -23.2%. Belgium (-1.4%) and Luxembourg (-19.4%) illustrated a downward trend over the same period. While the share of Belgium (+18 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-18.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported iron or steel plaited bands and slings in Benelux, comprising 70% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports.

In the Netherlands, steel plaited band imports plunged by an average annual rate of -10.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+1.3% per year) and Luxembourg (-16.7% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, rising by 74% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth was the most pronounced in 2015 when the import price increased by 87%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform