Benelux: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Benelux

For the third consecutive year, the Benelux machine-tool for drilling market recorded growth in sales value, which increased by 1.9% to $X in 2022. Overall, consumption posted modest growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Machine-Tool For Drilling Production in Benelux

In value terms, machine-tool for drilling production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 73% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports in Benelux

In 2022, exports of machine-tools for drilling, boring or milling metal in Benelux contracted sharply to X units, waning by -57.7% compared with 2021 figures. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 116% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for drilling exports declined to $X in 2022. Over the period under review, exports recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands was the major exporter of machine-tools for drilling, boring or milling metal in Benelux, with the volume of exports reaching X units, which was approx. 63% of total exports in 2022. It was distantly followed by Belgium (X units), making up a 36% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +3.4%).

In value terms, the Netherlands ($X) remains the largest machine-tool for drilling supplier in Benelux, comprising 88% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +2.0%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, growing by 123% against the previous year. Over the period under review, the export price continues to indicate pronounced growth. The pace of growth was the most pronounced in 2020 when the export price increased by 180%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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 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 (+10.9%).

Machine-Tool For Drilling Imports

Imports in Benelux

In 2022, overseas purchases of machine-tools for drilling, boring or milling metal decreased by -30.8% to X units, falling for the third year in a row after five years of growth. Overall, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when imports increased by 65%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports reduced to $X in 2022. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands represented the key importing country with an import of around X units, which amounted to 69% of total imports. Belgium (X units) ranks second in terms of the total imports with a 21% share, followed by Luxembourg (9.1%).

Imports into the Netherlands decreased at an average annual rate of -4.9% from 2012 to 2022. At the same time, Luxembourg (+5.1%) and Belgium (+4.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +5.1% from 2012-2022. From 2012 to 2022, the share of Belgium and Luxembourg increased by +11 and +5 percentage points, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported machine-tools for drilling, boring or milling metal in Benelux, comprising 75% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports.

In the Netherlands, machine-tool for drilling imports expanded at an average annual rate of +1.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-10.8% per year) and Luxembourg (+6.8% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, increasing by 27% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 75%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform