Benelux: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in Benelux

In 2021, the Benelux thermoforming machine market decreased by -1.6% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in Benelux

In value terms, thermoforming machine production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Thermoforming Machine Exports

Exports in Benelux

In 2021, thermoforming machine exports in Benelux rose markedly to X units, surging by 9.9% compared with the year before. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by 260% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, thermoforming machine exports surged to $X in 2021. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 355%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands prevails in exports structure, finishing at X units, which was approx. 96% of total exports in 2021. Belgium (X units) took a minor share of total exports.

Exports from the Netherlands increased at an average annual rate of +12.4% from 2012 to 2021. At the same time, Belgium (+25.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +25.0% from 2012-2021. From 2012 to 2021, the share of Belgium increased by +2.7 percentage points.

In value terms, the largest thermoforming machine supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

Among the main exporting countries, Belgium, with a CAGR of +36.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, with an increase of 43% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when the export price increased by 155%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+9.7%).

Thermoforming Machine Imports

Imports in Benelux

In 2021, the amount of thermoforming machines for working rubber or plastics imported in Benelux stood at X units, surging by 4.9% on 2020 figures. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 273% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, thermoforming machine imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 90% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands dominates imports structure, resulting at X units, which was approx. 93% of total imports in 2021. It was distantly followed by Belgium (X units), creating a 5.3% share of total imports.

The Netherlands was also the fastest-growing in terms of the thermoforming machines for working rubber or plastics imports, with a CAGR of +18.6% from 2012 to 2021. At the same time, Belgium (+15.6%) displayed positive paces of growth. From 2012 to 2021, the share of the Netherlands increased by +2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest thermoforming machine importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

In terms of the main importing countries, Belgium, with a CAGR of +12.9%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, jumping by 61% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 83% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.3%).

Source: IndexBox Platform