Benelux: Machinery For Packing Market 2024

Machinery For Packing Market Size in Benelux

In 2022, the Benelux machinery for packing market decreased by -24.6% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machinery For Packing Production in Benelux

In value terms, machinery for packing production declined notably to $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 107%. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Machinery For Packing Exports

Exports in Benelux

In 2022, exports of machinery for packing or wrapping in Benelux reduced to X units, falling by -11.9% on 2021 figures. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by 22% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, machinery for packing exports declined to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

The Netherlands was the key exporting country with an export of around X units, which accounted for 86% of total exports. It was distantly followed by Belgium (X units), making up a 14% share of total exports.

The Netherlands was also the fastest-growing in terms of the machinery for packing or wrapping exports, with a CAGR of +5.4% from 2012 to 2022. Belgium (-2.5%) illustrated a downward trend over the same period. The Netherlands (+12 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -12.3% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest machinery for packing supplier in Benelux, comprising 87% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +6.2%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, increasing by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2018 an increase of 11%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably 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 Belgium (+2.0%).

Machinery For Packing Imports

Imports in Benelux

In 2022, approx. X units of machinery for packing or wrapping were imported in Benelux; shrinking by -21.3% against the previous year's figure. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 40% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, machinery for packing imports fell markedly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

The Netherlands was the key importer of machinery for packing or wrapping in Benelux, with the volume of imports recording X units, which was approx. 68% of total imports in 2022. It was distantly followed by Belgium (X units), mixing up a 32% share of total imports.

The Netherlands was also the fastest-growing in terms of the machinery for packing or wrapping imports, with a CAGR of +7.0% from 2012 to 2022. Belgium (-1.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+20 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-20.2 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported machinery for packing or wrapping in Benelux, comprising 67% of total imports. The second position in the ranking was taken by Belgium ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +3.7%.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, almost unchanged from the previous year. In general, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 26%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-2.7%).

Source: IndexBox Platform