Benelux: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Benelux

The Benelux gearboxes and speed changers market contracted to $X in 2022, falling by X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Gearboxes and Speed Changers in Benelux

In value terms, gearboxes and speed changers production dropped remarkably to $X in 2022 estimated in export price. In general, production showed a precipitous decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Gearboxes and Speed Changers

Exports in Benelux

In 2022, after three years of growth, there was significant decline in shipments abroad of gearboxes and speed changers, when their volume decreased by X% to X tons. Overall, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The volume of export peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, gearboxes and speed changers exports declined to $X in 2022. Over the period under review, exports showed a slight contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belgium (X tons) represented the largest exporter of gearboxes and speed changers, creating X% of total exports. It was distantly followed by the Netherlands (X tons), committing a X% share of total exports.

Exports from Belgium decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. 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 ($X) remains the largest gearboxes and speed changers supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

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

Imports of Gearboxes and Speed Changers

Imports in Benelux

After two years of growth, overseas purchases of gearboxes and speed changers decreased by X% to X tons in 2022. In general, imports showed a mild slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gearboxes and speed changers imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The countries with the highest levels of gearboxes and speed changers imports in 2022 were the Netherlands (X tons) and Belgium (X tons), together reaching X% of total import.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%).

In value terms, the largest gearboxes and speed changers importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :