Benelux: Memories Market 2024

Memories Market Size in Benelux

For the third year in a row, the Benelux memories market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption showed a abrupt shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Memories Production in Benelux

In value terms, memories production contracted modestly to $X in 2023 estimated in export price. Overall, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Memories Exports

Exports in Benelux

Memories exports reached X units in 2023, approximately mirroring the year before. Total exports indicated temperate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, memories exports expanded to $X in 2023. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the near future.

Exports by Country

The Netherlands dominates exports structure, accounting for X units, which was approx. X% of total exports in 2023. Belgium (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to memories exports from the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2023. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2023, respectively.

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

In the Netherlands, memories exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2023, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Memories Imports

Imports in Benelux

In 2023, supplies from abroad of multichip integrated circuits: memories decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, memories imports dropped notably to $X in 2023. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

The Netherlands dominates imports structure, finishing at X units, which was approx. X% of total imports in 2023. It was distantly followed by Belgium (X units), generating a X% share of total imports.

Imports into the Netherlands decreased at an average annual rate of X% from 2012 to 2023. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2023. While the share of Belgium (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported multichip integrated circuits: memories in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

In the Netherlands, memories imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price saw prominent growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform