Benelux: Winding Wire Market 2025

Winding Wire Market Size in Benelux

The Benelux winding wire market contracted notably to $X in 2022, declining by -19.3% against the previous year. In general, consumption continues to indicate a pronounced contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Winding Wire Production in Benelux

In value terms, winding wire production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 when the production volume increased by 56% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Winding Wire Exports

Exports in Benelux

In 2022, the amount of winding wire for electrical purposes exported in Benelux was estimated at X tons, increasing by 9.6% compared with the previous year's figure. In general, exports, however, showed a perceptible decrease. The growth pace was the most rapid in 2020 with an increase of 19%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, winding wire exports declined to $X in 2022. Over the period under review, exports, however, showed a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of 32%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands represented the major exporting country with an export of around X tons, which reached 75% of total exports. It was distantly followed by Belgium (X tons), committing a 25% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to winding wire exports from the Netherlands stood at -3.4%. Belgium (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +1.7 percentage points.

In value terms, the Netherlands ($X) remains the largest winding wire supplier in Benelux, comprising 74% of total exports. The second position in the ranking was held by Belgium ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to -1.7%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, with a decrease of -17% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 an increase of 17%. The level of export peaked at $X per ton in 2021, and then declined remarkably in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%).

Winding Wire Imports

Imports in Benelux

After two years of growth, supplies from abroad of winding wire for electrical purposes decreased by -37.6% to X tons in 2022. In general, imports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2020 with an increase of 43%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, winding wire imports contracted sharply to $X in 2022. Overall, imports saw a mild decline. The pace of growth was the most pronounced in 2021 when imports increased by 42%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X tons) represented the largest importer of winding wire for electrical purposes, making up 72% of total imports. It was distantly followed by Belgium (X tons), mixing up a 26% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of winding wire for electrical purposes. Luxembourg experienced a relatively flat trend pattern. Belgium (-9.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported winding wire for electrical purposes in Benelux, comprising 70% of total imports. The second position in the ranking was taken by Belgium ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +3.8%. In the other countries, the average annual rates were as follows: Belgium (-9.0% per year) and Luxembourg (+2.7% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, dropping by -8.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2021 when the import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform