Benelux: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Benelux

The Benelux market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels soared to $X in 2022, growing by X% against the previous year. In general, consumption showed prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Benelux

In value terms, grease fittings and oil seals production soared to $X in 2022 estimated in export price. The total production indicated temperate 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in Benelux

In 2022, shipments abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by X% to X units, rising for the fifth year in a row after two years of decline. Overall, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, grease fittings and oil seals exports rose markedly to $X in 2022. Total exports indicated a measured 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X units) was the major exporter of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, mixing up X% of total exports. It was distantly followed by Belgium (X units), comprising a X% share of total exports. Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of exports in 2022.

Luxembourg, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, stabilizing at the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in Benelux

In 2022, purchases abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by X% to X units, rising for the fifth consecutive year after three years of decline. Overall, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grease fittings and oil seals imports skyrocketed to $X in 2022. Total imports indicated a temperate increase 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 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the key importer of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in Benelux, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Belgium (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Luxembourg (X%).

From 2012 to 2022, average annual rates of growth with regard to grease fittings and oil seals imports into the Netherlands stood at X%. At the same time, Luxembourg (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Belgium and Luxembourg increased by X and X percentage points, respectively.

In value terms, the largest grease fittings and oil seals importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Among the main importing countries, Luxembourg, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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