Benelux: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Benelux

In 2021, the Benelux balancing mechanical parts machine market was finally on the rise to reach $X after three years of decline. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts in Benelux

In value terms, balancing mechanical parts machine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 50%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Machines For Balancing Mechanical Parts

Exports in Benelux

In 2021, shipments abroad of machines for balancing mechanical parts decreased by -42.6% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 181%. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, balancing mechanical parts machine exports expanded notably to $X in 2021. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2020 with an increase of 128%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

In 2021, Belgium (X units) was the key exporter of machines for balancing mechanical parts, mixing up 67% of total exports. The Netherlands (X units) held the second position in the ranking, distantly followed by Luxembourg (X units). All these countries together held near 33% share of total exports.

Belgium was also the fastest-growing in terms of the machines for balancing mechanical parts exports, with a CAGR of +3.2% from 2012 to 2021. At the same time, Luxembourg (+2.0%) displayed positive paces of growth. By contrast, the Netherlands (-5.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest balancing mechanical parts machine supplying countries in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

In terms of the main exporting countries, Belgium, with a CAGR of +8.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, with an increase of 100% against the previous year. In general, the export price enjoyed prominent growth. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machines For Balancing Mechanical Parts

Imports in Benelux

In 2021, supplies from abroad of machines for balancing mechanical parts increased by 7.8% to X units, rising for the fourth year in a row after two years of decline. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +123.5% against 2017 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 57% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, balancing mechanical parts machine imports expanded sharply to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.7% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 49%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the two major importers of machines for balancing mechanical parts, namely the Netherlands and Belgium, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +10.7%).

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

Belgium, with a CAGR of +3.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, waning by -1.6% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 29%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.3%).

Source: IndexBox Platform