Benelux: Spacecraft Market 2024

Spacecraft Market Size in Benelux

In 2022, the Benelux spacecraft market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Spacecraft Production in Benelux

In value terms, spacecraft production rose rapidly to $X in 2022 estimated in export price. In general, production posted prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Spacecraft Exports

Exports in Benelux

For the third year in a row, Benelux recorded growth in shipments abroad of civil spacecraft, satellites and launch vehicles, which increased by X% to X units in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the key exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Belgium (X units), committing a X% share of total exports. Luxembourg (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the civil spacecraft, satellites and launch vehicles exports, with a CAGR of X% from 2013 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. Luxembourg experienced a relatively flat trend pattern. The Netherlands (X p.p.) and Luxembourg (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2013 to 2022, respectively.

In value terms, Luxembourg ($X) emerged as the largest spacecraft supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value in Luxembourg totaled X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price recorded a precipitous decrease. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X,997 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X,762 per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Spacecraft Imports

Imports in Benelux

In 2022, imports of civil spacecraft, satellites and launch vehicles in Benelux skyrocketed to X units, growing by X% against the previous year. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft imports declined dramatically to $X in 2022. Overall, imports, however, faced a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

Belgium dominates imports structure, recording X units, which was approx. X% of total imports in 2022. Luxembourg (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%).

Belgium was also the fastest-growing in terms of the civil spacecraft, satellites and launch vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, Luxembourg (X%) and the Netherlands (X%) displayed positive paces of growth. While the share of Belgium (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Luxembourg (X p.p.) displayed negative dynamics.

In value terms, Luxembourg ($X) constitutes the largest market for imported civil spacecraft, satellites and launch vehicles in Benelux, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Luxembourg totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price recorded a significant decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X,844 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform