Netherlands: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in the Netherlands

In 2022, the Dutch interchangeable spanner socket market increased by 392% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Interchangeable Spanner Socket Production in the Netherlands

In value terms, interchangeable spanner socket production fell markedly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 230% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Interchangeable Spanner Socket Exports

Exports from the Netherlands

For the eleventh consecutive year, the Netherlands recorded growth in shipments abroad of interchangeable spanner sockets, which increased by 5% to X tons in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, interchangeable spanner socket exports dropped to $X in 2022. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 55% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main destinations of interchangeable spanner socket exports from the Netherlands, together accounting for 50% of total exports. Poland, Belgium, Sweden, Denmark, the Czech Republic, Portugal, Finland, Italy, Ireland and Lithuania lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +72.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for interchangeable spanner socket exported from the Netherlands were Germany ($X), France ($X) and Belgium ($X), with a combined 34% share of total exports. Spain, Sweden, Denmark, Italy, Poland, Finland, the Czech Republic, Ireland, Portugal and Lithuania lagged somewhat behind, together accounting for a further 41%.

Lithuania, with a CAGR of +69.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average interchangeable spanner socket export price amounted to $X per ton, falling by -10.7% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into the Netherlands

In 2022, the amount of interchangeable spanner sockets imported into the Netherlands expanded sharply to X tons, increasing by 15% on 2021 figures. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, interchangeable spanner socket imports expanded markedly to $X in 2022. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by 42%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Spain (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of interchangeable spanner socket imports to the Netherlands, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +266.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Spain ($X) appeared to be the largest interchangeable spanner socket suppliers to the Netherlands, together comprising 73% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +269.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average interchangeable spanner socket import price stood at $X per ton in 2022, waning by -5% against the previous year. Overall, the import price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 6.8% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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