Benelux: Working Wire Machine Market 2024

Working Wire Machine Market Size in Benelux

The Benelux working wire machine market rose significantly to $X in 2021, with an increase of 13% against the previous year. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Working Wire Machine Production in Benelux

In value terms, working wire machine production declined remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26,849% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Working Wire Machine Exports

Exports in Benelux

In 2021, approx. X units of machines for working wire were exported in Benelux; growing by 56% compared with 2020 figures. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 259%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, working wire machine exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2016 with an increase of 144% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium prevails in exports structure, finishing at X units, which was near 96% of total exports in 2021. The Netherlands (X units) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the machines for working wire exports, with a CAGR of +25.0% from 2012 to 2021. At the same time, the Netherlands (+18.7%) displayed positive paces of growth. From 2012 to 2021, the share of Belgium increased by +2.2 percentage points.

In value terms, the largest working wire machine supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main exporting countries, the Netherlands, with a CAGR of +30.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, waning by -17.4% against the previous year. In general, the export price saw a dramatic decline. The most prominent rate of growth was recorded in 2014 an increase of 164% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 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 amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.3%).

Working Wire Machine Imports

Imports in Benelux

In 2021, imports of machines for working wire in Benelux surged to X units, with an increase of 103% against the previous year. Over the period under review, imports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of 463%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports surged to $X in 2021. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 141%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium represented the major importer of machines for working wire in Benelux, with the volume of imports amounting to X units, which was near 84% of total imports in 2021. It was distantly followed by the Netherlands (X units), committing a 15% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to working wire machine imports into Belgium stood at -5.1%. At the same time, the Netherlands (+18.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +18.8% from 2012-2021. The Netherlands (+13 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -13.8% from 2012 to 2021, respectively.

In value terms, the largest working wire machine importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main importing countries, the Netherlands, with a CAGR of +11.4%, 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, falling by -31.9% against the previous year. In general, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2013 an increase of 764% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

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 Belgium (+9.2%).

Source: IndexBox Platform