Netherlands: Gear Box Market 2024

Gear Box Market Size in the Netherlands

In 2022, the Dutch gear box market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption recorded resilient growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Gear Box Production in the Netherlands

In value terms, gear box production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Gear Box Exports

Exports from the Netherlands

In 2022, after two years of growth, there was significant decline in shipments abroad of gear boxes, when their volume decreased by -62.3% to X units. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 225%. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank remarkably in the following year.

In value terms, gear box exports declined dramatically to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 142% against the previous year. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Germany (X units), France (X units) and Belgium (X units) were the main destinations of gear box exports from the Netherlands, with a combined 58% share of total exports. Sweden, the United States, Brazil, Italy, Spain, Argentina, Vietnam, the UK, Mexico and Japan lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +201.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for gear boxes exports from the Netherlands, comprising 23% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Vietnam, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.4% per year) and Vietnam (-5.0% per year).

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, shrinking by -33.5% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into the Netherlands

In 2022, supplies from abroad of gear boxes increased by 13% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.6% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 47% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, gear box imports reached $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), Japan (X units) and Germany (X units) were the main suppliers of gear box imports to the Netherlands, with a combined 74% share of total imports. Belgium, France, Turkey, Hungary and the United States lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +73.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of gear boxes to the Netherlands, comprising 41% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports. It was followed by Sweden, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+30.3% per year) and Sweden (+2.5% per year).

Import Prices by Country

In 2022, the average gear box import price amounted to $X per unit, with a decrease of -8.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 20%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, 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 Germany ($X per unit), while the price for Turkey ($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 United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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