Benelux: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Benelux

In 2022, after three years of decline, there was significant growth in the Benelux telephonic switching apparatus market, when its value increased by 19% to $X. Over the period under review, consumption recorded a perceptible increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Telephonic Switching Apparatus Production in Benelux

In value terms, telephonic switching apparatus production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the production volume increased by 4,789%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Telephonic Switching Apparatus Exports

Exports in Benelux

In 2022, overseas shipments of telephonic or telegraphic switching apparatus decreased by -4% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2020 with an increase of 51%. The volume of export peaked at X units in 2021, and then declined in the following year.

In value terms, telephonic switching apparatus exports expanded to $X in 2022. In general, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands dominates exports structure, resulting at X units, which was approx. 94% of total exports in 2022. It was distantly followed by Belgium (X units), creating a 5.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to telephonic switching apparatus exports from the Netherlands stood at +6.9%. At the same time, Belgium (+12.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +12.7% from 2012-2022. While the share of Belgium (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-2.3 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest telephonic switching apparatus supplier in Benelux, comprising 95% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4.4% share of total exports.

In the Netherlands, telephonic switching apparatus exports expanded at an average annual rate of +9.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, rising by 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 when the export price increased by 30% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 unit), while Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.0%).

Telephonic Switching Apparatus Imports

Imports in Benelux

In 2022, purchases abroad of telephonic or telegraphic switching apparatus decreased by -3.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 36%. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, telephonic switching apparatus imports expanded remarkably to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.6% 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 +71.4% against 2014 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands dominates imports structure, reaching X units, which was near 90% of total imports in 2022. It was distantly followed by Belgium (X units), mixing up a 9.3% share of total imports.

The Netherlands was also the fastest-growing in terms of the telephonic or telegraphic switching apparatus imports, with a CAGR of +9.6% from 2012 to 2022. At the same time, Belgium (+8.5%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported telephonic or telegraphic switching apparatus in Benelux, comprising 93% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +8.7%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, rising by 14% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 21% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 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 (-0.8%).

Source: IndexBox Platform