Benelux: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Benelux

In 2022, after two years of growth, there was significant decline in the Benelux gear cutting machine market, when its value decreased by X% to $X. In general, consumption showed a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Gear Cutting Machine Production in Benelux

In value terms, gear cutting machine production surged to $X in 2022 estimated in export price. In general, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gear Cutting Machine Exports

Exports in Benelux

In 2022, gear cutting machine exports in Benelux declined remarkably to X units, which is down by X% on the previous year's figure. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, gear cutting machine exports shrank remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

The Netherlands was the major exporter of gear cutting, gear grinding or gear finishing machines in Benelux, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Belgium (X units), achieving a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the gear cutting, gear grinding or gear finishing machines exports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest gear cutting machine supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Belgium stood at X%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 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 Belgium ($X per unit), while the Netherlands stood at $X per unit.

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

Gear Cutting Machine Imports

Imports in Benelux

In 2022, purchases abroad of gear cutting, gear grinding or gear finishing machines decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gear cutting machine imports declined significantly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands represented the main importer of gear cutting, gear grinding or gear finishing machines in Benelux, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by Belgium (X units), comprising a X% share of total imports. Luxembourg (X units) held a minor share of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Belgium (X%) and Luxembourg (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Benelux, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Belgium stood at X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Luxembourg (X% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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 Luxembourg (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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