Benelux: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Benelux

The Benelux lathe for removing metal market dropped remarkably to $X in 2021, reducing by -49.4% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Benelux

In value terms, lathe for removing metal production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a mild increase. The growth pace was the most rapid in 2018 when the production volume increased by 474%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports in Benelux

In 2021, shipments abroad of lathes for removing metal increased by 82% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 240%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. In general, exports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of 275%. Over the period under review, the lafor removing metal exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium represented the key exporter of lathes for removing metal in Benelux, with the volume of exports amounting to X units, which was approx. 76% of total exports in 2021. It was distantly followed by the Netherlands (X units), constituting a 24% share of total exports.

Belgium was also the fastest-growing in terms of the lathes for removing metal exports, with a CAGR of +23.6% from 2012 to 2021. At the same time, the Netherlands (+15.8%) displayed positive paces of growth. Belgium (+15 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -10.6% from 2012 to 2021, respectively.

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

The Netherlands, with a CAGR of +21.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, which is down by -35.5% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the export price increased by 46%. As a result, the export price attained the peak level of $X per unit. From 2015 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 the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%).

Imports of Lathes For Removing Metal

Imports in Benelux

In 2021, imports of lathes for removing metal in Benelux skyrocketed to X units, picking up by 38% against 2020 figures. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 227% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, lathe for removing metal imports soared to $X in 2021. Overall, imports recorded noticeable growth. The growth pace was the most rapid in 2020 when imports increased by 105% against the previous year. Over the period under review, lafor removing metal imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Belgium represented the main importer of lathes for removing metal in Benelux, with the volume of imports resulting at X units, which was approx. 70% of total imports in 2021. It was distantly followed by the Netherlands (X units), achieving a 30% share of total imports.

Belgium was also the fastest-growing in terms of the lathes for removing metal imports, with a CAGR of +22.7% from 2012 to 2021. At the same time, the Netherlands (+11.9%) displayed positive paces of growth. Belgium (+21 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -18.5% from 2012 to 2021, respectively.

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

In terms of the main importing countries, the Netherlands, with a CAGR of +12.6%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, reducing by -11.4% against the previous year. In general, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 31% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%).

Source: IndexBox Platform