Benelux: Wood Barrel Market 2023

Wood Barrel Market Size in Benelux

The Benelux wood barrel market reached $X in 2022, increasing by 1.7% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 -8.7% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wood Barrel Production in Benelux

In value terms, wood barrel production amounted to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 49% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Wood Barrel Exports

Exports in Benelux

In 2022, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by -81% to X units, falling for the second consecutive year after three years of growth. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 142%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, wood barrel exports dropped sharply to $X in 2022. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 299%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) and Luxembourg (X units) were the key exporters of casks, barrels, vats, tubs, and coopers products of wood in 2022, amounting to approx. 40% and 32% of total exports, respectively. It was distantly followed by Belgium (X units), creating a 28% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Luxembourg (with a CAGR of +114.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest wood barrel supplying countries in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X), together comprising 99.9% of total exports.

Luxembourg, with a CAGR of +86.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, waning by -34.5% against the previous year. Overall, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of 88% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.4%), while the other leaders experienced a decline in the export price figures.

Wood Barrel Imports

Imports in Benelux

In 2022, the amount of casks, barrels, vats, tubs, and coopers products of wood imported in Benelux dropped rapidly to X units, with a decrease of -55% compared with 2021 figures. Over the period under review, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2014 when imports increased by 520% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wood barrel imports contracted remarkably to $X in 2022. In general, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2014 when imports increased by 487% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Luxembourg (X units) was the largest importer of casks, barrels, vats, tubs, and coopers products of wood, mixing up 56% of total imports. It was distantly followed by the Netherlands (X units) and Belgium (X units), together generating a 44% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +49.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest wood barrel importing markets in Benelux were Luxembourg ($X), the Netherlands ($X) and Belgium ($X).

In terms of the main importing countries, Luxembourg, with a CAGR of +40.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, shrinking by -17.6% against the previous year. In general, the import price, however, saw mild growth. The most prominent rate of growth was recorded in 2020 when the import price increased by 59% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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