Benelux: Public Works Machinery Market 2024

Public Works Machinery Market Size in Benelux

The Benelux public works machinery market was estimated at $X in 2021, remaining stable against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Public Works Machinery Production in Benelux

In value terms, public works machinery production shrank notably to $X in 2021 estimated in export price. In general, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 87% against the previous year. The level of production peaked at $X in 2020, and then reduced sharply in the following year.

Public Works Machinery Exports

Exports in Benelux

For the fourth year in a row, Benelux recorded growth in shipments abroad of machinery for public works and building, which increased by 52% to X units in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +108.3% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, public works machinery exports surged to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.6% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the key exporter of machinery for public works and building in Benelux, with the volume of exports finishing at X units, which was approx. 65% of total exports in 2021. It was distantly followed by Belgium (X units), achieving a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +7.0%).

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

In terms of the main exporting countries, the Netherlands, with a CAGR of +7.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, with an increase of 3.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 9.1% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 (+0.8%).

Public Works Machinery Imports

Imports in Benelux

In 2021, the amount of machinery for public works and building imported in Benelux soared to X units, jumping by 55% compared with the year before. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, public works machinery imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units) and Belgium (X units) prevails in imports structure, together committing 95% of total imports. It was distantly followed by Luxembourg (X units), making up a 5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +11.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest public works machinery importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

The Netherlands, with a CAGR of +5.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, with a decrease of -8.2% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the import price increased by 10%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform