Benelux: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Benelux

The Benelux multiple-walled insulating glass unit market rose significantly to $X in 2021, surging by 6.1% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Production of Multiple-Walled Insulating Units Of Glass in Benelux

In value terms, multiple-walled insulating glass unit production rose slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 9.2%. The level of production peaked in 2021 and is expected to retain growth in years to come.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Benelux

In 2021, multiple-walled insulating glass unit exports in Benelux expanded remarkably to X square meters, growing by 7.3% on the previous year. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -27.4% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by 65% against the previous year. As a result, the exports attained the peak of X square meters. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports stood at $X in 2021. Total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 decreased by -20.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Belgium represented the major exporter of multiple-walled insulating units of glass in Benelux, with the volume of exports recording X square meters, which was approx. 85% of total exports in 2021. It was distantly followed by the Netherlands (X square meters), making up a 15% share of total exports.

Belgium was also the fastest-growing in terms of the multiple-walled insulating units of glass exports, with a CAGR of +7.7% from 2012 to 2021. The Netherlands (-8.6%) illustrated a downward trend over the same period. While the share of Belgium (+28 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-28.6 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest multiple-walled insulating glass unit supplier in Benelux, comprising 71% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium amounted to +5.4%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per square meter, declining by -4.9% against the previous year. In general, the export price showed a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while Belgium amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.4%).

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Benelux

In 2021, the amount of multiple-walled insulating units of glass imported in Benelux rose markedly to X square meters, growing by 8.3% against the year before. Total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% 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 decreased by -16.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 56%. Over the period under review, imports hit record highs at X square meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports expanded sharply to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 +82.9% against 2015 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 26%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, the Netherlands (X square meters) represented the main importer of multiple-walled insulating units of glass, achieving 77% of total imports. Belgium (X square meters) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Luxembourg (7.3%).

From 2012 to 2021, average annual rates of growth with regard to multiple-walled insulating glass unit imports into the Netherlands stood at +3.5%. At the same time, Belgium (+4.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +4.1% from 2012-2021. Luxembourg experienced a relatively flat trend pattern. While the share of Luxembourg (-1.8 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported multiple-walled insulating units of glass in Benelux, comprising 80% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +8.0%. In the other countries, the average annual rates were as follows: Belgium (-0.5% per year) and Luxembourg (+0.5% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per square meter, surging by 5.2% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple-walled insulating glass unit import price increased by +75.5% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 41% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform