Benelux: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Benelux

In 2022, the Benelux plastic shutters and blinds market decreased by -23.3% to $X, falling for the second year in a row after six years of growth. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -25.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Plastic Shutters And Blinds in Benelux

In value terms, plastic shutters and blinds production surged to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -20.2% against 2020 indices. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastic Shutters And Blinds

Exports in Benelux

In 2022, after six years of growth, there was decline in shipments abroad of plastic shutters and blinds, when their volume decreased by -0.9% to X units. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, the exports attained the peak of X units, leveling off in the following year.

In value terms, plastic shutters and blinds exports reduced modestly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $X, and then dropped slightly in the following year.

Exports by Country

In 2022, Belgium (X units) represented the largest exporter of plastic shutters and blinds, mixing up 81% of total exports. It was distantly followed by the Netherlands (X units), achieving a 19% share of total exports.

Belgium was also the fastest-growing in terms of the plastic shutters and blinds exports, with a CAGR of +11.1% from 2012 to 2022. At the same time, the Netherlands (+3.3%) displayed positive paces of growth. Belgium (+14 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -13.5% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest plastic shutters and blinds supplier in Benelux, comprising 79% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled +12.1%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, with a decrease of -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the export price increased by 6.6%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted slightly in the following year.

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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%).

Imports of Plastic Shutters And Blinds

Imports in Benelux

In 2022, purchases abroad of plastic shutters and blinds decreased by -22.5% to X units for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, imports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2019 when imports increased by 22% against the previous year. The volume of import peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, plastic shutters and blinds imports dropped remarkably to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 23% against the previous year. The level of import peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

The Netherlands was the major importer of plastic shutters and blinds in Benelux, with the volume of imports reaching X units, which was near 76% of total imports in 2022. Belgium (X units) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Luxembourg (9.3%).

The Netherlands was also the fastest-growing in terms of the plastic shutters and blinds imports, with a CAGR of +6.4% from 2012 to 2022. At the same time, Luxembourg (+4.6%) displayed positive paces of growth. By contrast, Belgium (-2.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+14 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-14.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported plastic shutters and blinds in Benelux, comprising 76% of total imports. The second position in the ranking was held by Luxembourg ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +10.7%. The remaining importing countries recorded the following average annual rates of imports growth: Luxembourg (+3.1% per year) and Belgium (-1.3% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, shrinking by -9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2021 when the import price increased by 19%. As a result, import price reached the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform