Benelux: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Benelux

In 2022, after two years of growth, there was significant decline in the Benelux market for turbo, rotary and reciporating displacement compressors, when its value decreased by -28.3% to $X. Overall, consumption, however, saw a buoyant increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank significantly in the following year.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Benelux

In value terms, production of turbo, rotary and reciporating displacement compressors declined modestly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the production volume increased by 357%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in Benelux

In 2022, shipments abroad of turbo, rotary and reciporating displacement compressors decreased by -13.7% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2013 when exports increased by 34%. Over the period under review, the exports of hit record highs at X units in 2021, and then shrank in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors fell markedly to $X in 2022. In general, exports recorded a mild downturn. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X units) represented the key exporter of turbo, rotary and reciporating displacement compressors, committing 64% of total exports. It was distantly followed by Belgium (X units), achieving a 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +6.0%).

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

Belgium, with a CAGR of +0.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, shrinking by -4.7% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 23% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2016; however, from 2017 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 Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-4.1%).

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in Benelux

In 2022, overseas purchases of turbo, rotary and reciporating displacement compressors decreased by -23.1% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. Over the period under review, imports of reached the maximum at X units in 2021, and then contracted sharply in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors shrank rapidly to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, the Netherlands (X units) and Belgium (X units) was the largest importer of turbo, rotary and reciporating displacement compressors in Benelux, mixing up 99% of total import.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +7.8%).

In value terms, the largest turbo, rotary and reciporating displacement compressor importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +4.6%, recorded the highest growth rate of 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 unit, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2021 when the import price increased by 14%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-3.0%).

Source: IndexBox Platform