Netherlands: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in the Netherlands

In 2021, the Dutch base metal hinge market decreased by -81.8% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a deep downturn. Base metal hinge consumption peaked at $X in 2020, and then contracted rapidly in the following year.

Base Metal Hinge Production in the Netherlands

In value terms, base metal hinge production contracted notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by 50%. Base metal hinge production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Base Metal Hinge Exports

Exports from the Netherlands

For the sixth year in a row, the Netherlands recorded growth in overseas shipments of base metal hinges, which increased by 43% to X tons in 2021. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2016 when exports increased by 46% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, base metal hinge exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for base metal hinge exports from the Netherlands, with a 37% share of total exports. Moreover, base metal hinge exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+25.3% per year) and the UK (+32.6% per year).

In value terms, Germany ($X) remains the key foreign market for base metal hinges exports from the Netherlands, comprising 31% of total exports. The second position in the ranking was held by Poland ($X), with a 13% share of total exports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+36.7% per year) and Belgium (+8.8% per year).

Export Prices by Country

The average base metal hinge export price stood at $X per ton in 2021, surging by 4.7% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal hinge export price decreased by -19.5% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into the Netherlands

In 2021, imports of base metal hinges into the Netherlands rose markedly to X tons, surging by 8.9% against 2020. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 26%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, base metal hinge imports expanded notably to $X in 2021. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 18%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of base metal hinge imports to the Netherlands, with a combined 66% share of total imports. These countries were followed by Vietnam, Spain, India, Sweden, Poland, Italy, Switzerland, the United States, France and Japan, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +66.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal hinge suppliers to the Netherlands were Germany ($X), China ($X) and Belgium ($X), with a combined 65% share of total imports. Spain, the United States, Italy, Vietnam, Sweden, Poland, India, Switzerland, France and Japan lagged somewhat behind, together accounting for a further 27%.

Vietnam, with a CAGR of +57.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal hinge import price stood at $X per ton in 2021, picking up by 2.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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