Benelux: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Benelux

In 2022, after two years of growth, there was decline in the Benelux metal self-tapping screw market, when its value decreased by -1.7% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Metal Self-Tapping Screw Production in Benelux

In value terms, metal self-tapping screw production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2016 with an increase of 24%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Metal Self-Tapping Screw Exports

Exports in Benelux

After two years of growth, shipments abroad of iron or steel self-tapping screws decreased by -15.1% to X tons in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 50%. The volume of export peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, metal self-tapping screw exports reduced to $X in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 33%. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The Netherlands represented the main exporter of iron or steel self-tapping screws in Benelux, with the volume of exports finishing at X tons, which was approx. 84% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a 15% share of total exports.

The Netherlands was also the fastest-growing in terms of the iron or steel self-tapping screws exports, with a CAGR of +8.0% from 2012 to 2022. Belgium (-3.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+21 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-21.1 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest metal self-tapping screw supplier in Benelux, comprising 80% of total exports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total exports.

In the Netherlands, metal self-tapping screw exports increased at an average annual rate of +8.6% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.6%).

Metal Self-Tapping Screw Imports

Imports in Benelux

In 2022, supplies from abroad of iron or steel self-tapping screws decreased by -15.6% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. The volume of import peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, metal self-tapping screw imports declined to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 36%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

The Netherlands was the major importing country with an import of about X tons, which resulted at 62% of total imports. It was distantly followed by Belgium (X tons), achieving a 36% share of total imports. Luxembourg (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Luxembourg (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported iron or steel self-tapping screws in Benelux, comprising 70% of total imports. The second position in the ranking was held by Belgium ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +9.9%. In the other countries, the average annual rates were as follows: Belgium (+1.8% per year) and Luxembourg (+10.6% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 16% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($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 (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform