Netherlands: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in the Netherlands

In 2021, the Dutch market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -22.8% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in the Netherlands

In value terms, grease fittings and oil seals production reduced to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +83.4% against 2015 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from the Netherlands

Grease fittings and oil seals exports from the Netherlands soared to X units in 2021, with an increase of 35% against the previous year's figure. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 277% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, grease fittings and oil seals exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 124% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Germany (X units) and Turkey (X units) were the main destinations of grease fittings and oil seals exports from the Netherlands, together comprising 37% of total exports. The United States, Singapore, Belgium, China, Austria, Italy, Poland, Brazil, Spain and Vietnam lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +46.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for grease fittings and oil seals exports from the Netherlands, comprising 18% of total exports. The second position in the ranking was taken by Belgium ($X), with an 8.7% share of total exports. It was followed by the United States, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+9.2% per year) and the United States (+12.4% per year).

Export Prices by Country

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, with a decrease of -12.1% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 58%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into the Netherlands

In 2021, purchases abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 15% to X units, rising for the third consecutive year after four years of decline. Overall, imports, however, recorded a mild slump. The pace of growth was the most pronounced in 2020 when imports increased by 50% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, grease fittings and oil seals imports surged to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 25%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and France (X units) were the main suppliers of grease fittings and oil seals imports to the Netherlands, together comprising 59% of total imports. Poland, Italy, India, the United States, Romania, Belgium, Spain, Denmark, Norway and Slovakia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +67.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grease fittings and oil seals to the Netherlands, comprising 39% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.8% share of total imports. It was followed by France, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+14.5% per year) and France (+18.7% per year).

Import Prices by Country

In 2021, the average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, growing by 5.6% against the previous year. In general, the import price showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 an increase of 57% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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