Netherlands: Road Wheel Market 2024

Road Wheel Market Size in the Netherlands

The Dutch road wheel market contracted remarkably to $X in 2022, falling by -21.9% against the previous year. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -37.4% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Road Wheel Production in the Netherlands

In value terms, road wheel production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded temperate growth. The growth pace was the most rapid in 2018 with an increase of 191%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Road Wheel Exports

Exports from the Netherlands

After six years of growth, shipments abroad of road wheels decreased by -22.2% to X tons in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 41%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, road wheel exports dropped notably to $X in 2022. Overall, exports, however, saw a mild increase. The pace of growth was the most pronounced in 2018 with an increase of 48%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Germany (X tons), the UK (X tons) and Belgium (X tons) were the main destinations of road wheel exports from the Netherlands, with a combined 69% share of total exports. Sweden, Slovakia, France, Brazil, Poland, Austria and Russia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +124.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Belgium ($X) were the largest markets for road wheel exported from the Netherlands worldwide, with a combined 60% share of total exports. Sweden, Slovakia, Brazil, France, Austria, Poland and Russia lagged somewhat behind, together accounting for a further 27%.

Slovakia, with a CAGR of +129.5%, recorded the highest growth rate of the value of exports, in terms of 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

The average road wheel export price stood at $X per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 an increase of 37% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Russia ($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 Sweden (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Road Wheel Imports

Imports into the Netherlands

In 2022, supplies from abroad of road wheels decreased by -40.5% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. Imports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, road wheel imports fell rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

Germany (X tons), Turkey (X tons) and Belgium (X tons) were the main suppliers of road wheel imports to the Netherlands, with a combined 54% share of total imports. China, Poland, Italy, the UK, Hungary, Vietnam, the United States, Sweden, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +410.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of road wheels to the Netherlands, comprising 29% of total imports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total imports. It was followed by Turkey, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.3% per year) and Turkey (+8.0% per year).

Import Prices by Country

The average road wheel import price stood at $X per ton in 2022, increasing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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