Netherlands: Timer Market 2024

Timer Market Size in the Netherlands

The Dutch timer market declined rapidly to $X in 2022, with a decrease of -36.8% against the previous year. In general, consumption faced a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Timer Production in the Netherlands

In value terms, timer production reduced to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 99% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Timer Exports

Exports from the Netherlands

In 2022, the amount of timers exported from the Netherlands surged to X units, growing by 24% on 2021. Overall, exports, however, showed a slight contraction. The growth pace was the most rapid in 2021 when exports increased by 121% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, timer exports expanded markedly to $X in 2022. Over the period under review, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Australia (X units) and the UK (X units) were the main destinations of timer exports from the Netherlands, together comprising 31% of total exports. The United States, Spain, Jordan, Belgium, France, Italy, Poland, Bahrain, China and Romania lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +9,844.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Spain ($X) were the largest markets for timer exported from the Netherlands worldwide, together accounting for 40% of total exports. The UK, Italy, Belgium, Australia, France, Poland, China, Romania, Bahrain and Jordan lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Bahrain, with a CAGR of +450.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average timer export price stood at $X per unit in 2022, shrinking by -12.6% against the previous year. In general, the export price, however, continues to indicate notable growth. The pace of growth appeared the most rapid in 2014 an increase of 57% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 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 the United States ($X per unit), while the average price for exports to Jordan ($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 Australia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Timer Imports

Imports into the Netherlands

In 2022, approx. X units of timers were imported into the Netherlands; waning by -31% against the year before. Over the period under review, imports showed a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, timer imports shrank to $X in 2022. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest timer supplier to the Netherlands, with a 79% share of total imports. Moreover, timer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.6% per year) and Hong Kong SAR (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of timers to the Netherlands, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total imports. It was followed by Hong Kong SAR, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.6% per year) and Hong Kong SAR (-8.1% per year).

Import Prices by Country

The average timer import price stood at $X per unit in 2022, jumping by 26% against the previous year. In general, the import price, however, continues to indicate a slight decrease. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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