Benelux: Electrical Signalling Apparatus Market 2023

Electrical Signalling Apparatus Market Size in Benelux

The Benelux electrical signalling apparatus market skyrocketed to $X in 2022, growing by 42% against the previous year. Overall, consumption recorded significant growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Electrical Signalling Apparatus Production in Benelux

In value terms, electrical signalling apparatus production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a strong expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 237% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports in Benelux

In 2022, shipments abroad of electrical apparatus for sound or visual signalling decreased by -32.7% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, showed resilient growth. The growth pace was the most rapid in 2019 when exports increased by 205%. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports declined rapidly to $X in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 213% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X units) represented the main exporter of electrical apparatus for sound or visual signalling, making up 75% of total exports. It was distantly followed by Belgium (X units), comprising a 24% share of total exports.

The Netherlands was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling exports, with a CAGR of +7.7% from 2012 to 2022. At the same time, Belgium (+3.3%) displayed positive paces of growth. The Netherlands (+7.7 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -8.7% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest electrical signalling apparatus supplier in Benelux, comprising 82% of total exports. The second position in the ranking was held by Belgium ($X), with an 18% share of total exports.

In the Netherlands, electrical signalling apparatus exports expanded at an average annual rate of +14.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 55%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%).

Electrical Signalling Apparatus Imports

Imports in Benelux

In 2022, purchases abroad of electrical apparatus for sound or visual signalling decreased by -7.4% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 113% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, electrical signalling apparatus imports skyrocketed to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 158% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units) represented the largest importer of electrical apparatus for sound or visual signalling, comprising 87% of total imports. It was distantly followed by Belgium (X units), making up a 12% share of total imports.

The Netherlands was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling imports, with a CAGR of +17.6% from 2012 to 2022. At the same time, Belgium (+4.8%) displayed positive paces of growth. The Netherlands (+20 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -16.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported electrical apparatus for sound or visual signalling in Benelux, comprising 92% of total imports. The second position in the ranking was held by Belgium ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +26.1%.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, jumping by 27% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical signalling apparatus import price increased by +52.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%).

Source: IndexBox Market Intelligence Platform

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