Benelux: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Benelux

The Benelux prefabricated buildings market dropped significantly to $X in 2022, waning by -17.8% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Prefabricated Buildings Production in Benelux

In value terms, prefabricated buildings production dropped markedly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 263%. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.

Prefabricated Buildings Exports

Exports in Benelux

In 2022, approx. X units of prefabricated buildings were exported in Benelux; which is down by -13.2% compared with the previous year. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, prefabricated buildings exports reduced to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.8% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The Netherlands (X units) and Belgium (X units) dominates exports structure, together comprising 95% of total exports. It was distantly followed by Luxembourg (X units), mixing up a 4.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +2.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the Netherlands ($X) remains the largest prefabricated buildings supplier in Benelux, comprising 66% of total exports. The second position in the ranking was held by Belgium ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +6.5%. In the other countries, the average annual rates were as follows: Belgium (+3.7% per year) and Luxembourg (+1.0% per year).

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, rising by 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 an increase of 9.3% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($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 (+3.9%), while the other leaders experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports in Benelux

After five years of growth, supplies from abroad of prefabricated buildings decreased by -17.3% to X units in 2022. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 23% against the previous year. The volume of import peaked at X units in 2021, and then declined sharply in the following year.

In value terms, prefabricated buildings imports shrank remarkably to $X in 2022. In general, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

The Netherlands represented the key importer of prefabricated buildings in Benelux, with the volume of imports amounting to X units, which was approx. 73% of total imports in 2022. Belgium (X units) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Luxembourg (5.8%).

The Netherlands was also the fastest-growing in terms of the prefabricated buildings imports, with a CAGR of +10.6% from 2012 to 2022. Belgium (-4.0%) and Luxembourg (-4.0%) illustrated a downward trend over the same period. The Netherlands (+33 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -7% and -26.4% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported prefabricated buildings in Benelux, comprising 75% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports.

In the Netherlands, prefabricated buildings imports increased at an average annual rate of +16.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-1.5% per year) and Luxembourg (+3.0% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, rising by 1.6% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prefabricated buildings import price increased by +63.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 27% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat 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 Luxembourg (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform