Benelux: Suspension System Market 2025

Suspension System Market Size in Benelux

The Benelux suspension system market declined to $X in 2022, dropping by -6% against the previous year. In general, consumption, however, showed a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Suspension System Production in Benelux

In value terms, suspension system production fell remarkably to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 80%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Suspension System Exports

Exports in Benelux

Suspension system exports dropped to X tons in 2022, which is down by -6.8% on the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, suspension system exports contracted to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Belgium represented the key exporter of suspension systems in Benelux, with the volume of exports accounting for X tons, which was approx. 73% of total exports in 2022. It was distantly followed by the Netherlands (X tons), achieving a 27% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of suspension systems. At the same time, the Netherlands (+4.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +4.4% from 2012-2022. From 2012 to 2022, the share of the Netherlands increased by +7.9 percentage points.

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

In terms of the main exporting countries, the Netherlands, with a CAGR of +5.4%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, declining by -3.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 15% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%).

Suspension System Imports

Imports in Benelux

In 2022, approx. X tons of suspension systems were imported in Benelux; almost unchanged from the year before. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, suspension system imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Belgium represented the largest importer of suspension systems in Benelux, with the volume of imports reaching X tons, which was approx. 68% of total imports in 2022. It was distantly followed by the Netherlands (X tons), achieving a 32% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to suspension system imports into Belgium stood at +1.2%. At the same time, the Netherlands (+7.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +7.7% from 2012-2022. From 2012 to 2022, the share of the Netherlands increased by +12 percentage points.

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

The Netherlands, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with a decrease of -4.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 14%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%).

Source: IndexBox Platform