Benelux: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Benelux

The Benelux market for pulley tackle and hoists powered by an electric motor soared to $X in 2022, jumping by 127% against the previous year. Overall, consumption continues to indicate noticeable growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Benelux

In value terms, production of pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 14,965%. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports in Benelux

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were exported in Benelux; with an increase of 9.7% compared with the previous year's figure. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 29%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of pulley tackle and hoists powered by an electric motor reduced sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 91%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Belgium was the key exporter of pulley tackle and hoists powered by an electric motor in Benelux, with the volume of exports recording X units, which was approx. 66% of total exports in 2022. It was distantly followed by the Netherlands (X units) and Luxembourg (X units), together creating a 34% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pulley tackle and hoists powered by an electric motor exports from Belgium stood at +15.9%. At the same time, Luxembourg (+24.2%) and the Netherlands (+5.6%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +24.2% from 2012-2022. Belgium (+19 p.p.) and Luxembourg (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -22.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Luxembourg, with a CAGR of +20.8%, recorded the highest rates of growth with regard to 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 2022, dropping by -29.2% against the previous year. In general, the export price faced a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 48% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Luxembourg (-2.7%), while the other leaders experienced a decline in the export price figures.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports in Benelux

In 2022, supplies from abroad of pulley tackle and hoists powered by an electric motor increased by 37% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 51%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of pulley tackle and hoists powered by an electric motor declined to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 109%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Belgium (X units) and the Netherlands (X units) prevails in motor structure, together creating 96% of total imports. Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pulley tackle and hoists powered by an electric motor importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Among the main importing countries, Belgium, with a CAGR of +1.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, waning by -37.9% against the previous year. In general, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 38% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform