Benelux: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in Benelux

In 2022, the Benelux interchangeable tool market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption saw a slight increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Interchangeable Tool Production in Benelux

In value terms, interchangeable tool production rose to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked in 2022 and is likely to see steady growth in years to come.

Interchangeable Tool Exports

Exports in Benelux

After two years of growth, shipments abroad of interchangeable tools for hand tools decreased by X% to X tons in 2022. In general, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, interchangeable tool exports reduced to $X in 2022. Total exports indicated mild growth 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, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, the Netherlands (X tons) represented the largest exporter of interchangeable tools for hand tools, mixing up X% of total exports. It was distantly followed by Belgium (X tons), committing a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the interchangeable tools for hand tools exports, with a CAGR of X% from 2012 to 2022. Belgium experienced a relatively flat trend pattern. 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, the Netherlands ($X) remains the largest interchangeable tool supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, interchangeable tool exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 amounted to $X per ton.

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

Interchangeable Tool Imports

Imports in Benelux

In 2022, overseas purchases of interchangeable tools for hand tools increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, interchangeable tool imports fell to $X in 2022. Total imports indicated modest growth 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, the Netherlands (X tons) and Luxembourg (X tons) represented the major importers of interchangeable tools for hand tools in Benelux, together achieving X% of total imports. It was distantly followed by Belgium (X tons), making up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Luxembourg (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported interchangeable tools for hand tools in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) 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

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