Benelux: X-Ray Tube Market 2024

X-Ray Tube Market Size in Benelux

The Benelux x-ray tube market dropped slightly to $X in 2021, falling by -4.3% against the previous year. Overall, consumption continues to indicate a perceptible reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

X-Ray Tube Production in Benelux

In value terms, x-ray tube production soared to $X in 2021 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 672%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

X-Ray Tube Exports

Exports in Benelux

In 2021, overseas shipments of x-ray tubes increased by 27% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 132% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, x-ray tube exports soared to $X in 2021. Overall, exports saw a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 127% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands prevails in exports structure, resulting at X units, which was near 95% of total exports in 2021. It was distantly followed by Belgium (X units), constituting a 5.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to x-ray tube exports from the Netherlands stood at +9.4%. At the same time, Belgium (+35.4%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +35.4% from 2012-2021. From 2012 to 2021, the share of Belgium increased by +4.4 percentage points.

In value terms, the Netherlands ($X) remains the largest x-ray tube supplier in Benelux, comprising 96% of total exports. The second position in the ranking was held by Belgium ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +14.6%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, surging by 18% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 38%. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%).

X-Ray Tube Imports

Imports in Benelux

In 2021, purchases abroad of x-ray tubes increased by 26% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 151% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, x-ray tube imports skyrocketed to $X in 2021. Total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands was the key importing country with an import of about X units, which finished at 86% of total imports. It was distantly followed by Belgium (X units), achieving a 14% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to x-ray tube imports into the Netherlands stood at -11.5%. At the same time, Belgium (+15.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +15.5% from 2012-2021. While the share of Belgium (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Netherlands (-12.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported x-ray tubes in Benelux, comprising 83% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports.

In the Netherlands, x-ray tube imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, reducing by -3.7% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the import price increased by 295% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably 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 amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.0%).

Source: IndexBox Platform