Benelux: Threshing Machinery Market 2024

Threshing Machinery Market Size in Benelux

The Benelux threshing machinery market was estimated at $X in 2022, picking up by 3.8% against the previous year. Over the period under review, consumption, however, recorded a pronounced curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Threshing Machinery Production in Benelux

In value terms, threshing machinery production rose to $X in 2022 estimated in export price. In general, production, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Threshing Machinery Exports

Exports in Benelux

After three years of growth, overseas shipments of threshing machinery except combine harvester-threshers decreased by -83.7% to X units in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 475%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, threshing machinery exports contracted remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 974%. The level of export peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

In 2022, the Netherlands (X units) represented the largest exporter of threshing machinery except combine harvester-threshers, committing 84% of total exports. It was distantly followed by Belgium (X units), mixing up a 16% share of total exports.

The Netherlands was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers exports, with a CAGR of -7.1% from 2012 to 2022. Belgium (-17.6%) illustrated a downward trend over the same period. The Netherlands (+22 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -22.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest threshing machinery supplier in Benelux, comprising 89% of total exports. The second position in the ranking was held by Belgium ($X), with a 10% share of total exports.

In the Netherlands, threshing machinery exports increased at an average annual rate of +1.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, shrinking by -18.6% against the previous year. In general, the export price, however, continues to indicate measured growth. The pace of growth appeared the most rapid in 2019 when the export price increased by 116%. The level of export peaked at $X per unit in 2013; however, from 2014 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 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 (+9.0%).

Threshing Machinery Imports

Imports in Benelux

In 2022, the amount of threshing machinery except combine harvester-threshers imported in Benelux declined remarkably to X units, with a decrease of -32.3% compared with 2021 figures. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 232% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, threshing machinery imports reduced remarkably to $X in 2022. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 334%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) represented the major importer of threshing machinery except combine harvester-threshers, mixing up 77% of total imports. Luxembourg (X units) held the second position in the ranking, distantly followed by Belgium (X units). All these countries together took approx. 23% share of total imports.

The Netherlands was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers imports, with a CAGR of +68.1% from 2012 to 2022. At the same time, Luxembourg (+5.6%) displayed positive paces of growth. By contrast, Belgium (-12.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Luxembourg increased by +75 and +18 percentage points, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in Benelux, comprising 87% of total imports. The second position in the ranking was held by Luxembourg ($X), with a 12% share of total imports.

In the Netherlands, threshing machinery imports expanded at an average annual rate of +80.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Luxembourg (+2.9% per year) and Belgium (-22.2% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, with a decrease of -13.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 62% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Belgium ($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 (+6.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform