Benelux: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Benelux

The Benelux telecommunications instrument market soared to $X in 2021, jumping by 33% against the previous year. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.1% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Telecommunications Instrument Production in Benelux

In value terms, telecommunications instrument production surged to $X in 2021 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 81%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Telecommunications Instrument Exports

Exports in Benelux

For the third consecutive year, Benelux recorded growth in shipments abroad of telecommunications instruments, which increased by 24% to X units in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 76% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, telecommunications instrument exports skyrocketed to $X in 2021. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 95% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The Netherlands was the key exporter of telecommunications instruments in Benelux, with the volume of exports amounting to X units, which was approx. 81% of total exports in 2021. It was distantly followed by Belgium (X units), creating a 19% share of total exports.

The Netherlands was also the fastest-growing in terms of the telecommunications instruments exports, with a CAGR of +12.2% from 2012 to 2021. At the same time, Belgium (+1.6%) displayed positive paces of growth. The Netherlands (+17 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -17.2% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest telecommunications instrument supplier in Benelux, comprising 74% of total exports. The second position in the ranking was held by Belgium ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands amounted to +17.9%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, remaining constant against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telecommunications instrument export price decreased by -18.6% against 2019 indices. The pace of growth was the most pronounced in 2019 when the export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.9%).

Telecommunications Instrument Imports

Imports in Benelux

In 2021, overseas purchases of telecommunications instruments increased by 30% to X units, rising for the third year in a row after two years of decline. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% 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 increased by +89.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, telecommunications instrument imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.6% 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 +96.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 44%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the Netherlands (X units) represented the key importer of telecommunications instruments, comprising 81% of total imports. It was distantly followed by Belgium (X units), committing a 17% share of total imports.

The Netherlands was also the fastest-growing in terms of the telecommunications instruments imports, with a CAGR of +4.3% from 2012 to 2021. At the same time, Belgium (+2.5%) displayed positive paces of growth. Belgium (-2.6 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported telecommunications instruments in Benelux, comprising 69% of total imports. The second position in the ranking was held by Belgium ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands stood at +9.1%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, waning by -4.1% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telecommunications instrument import price decreased by -13.9% against 2019 indices. The growth pace was the most rapid in 2015 when the import price increased by 84%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.8%).

Source: IndexBox Platform