Netherlands: Market for Steering Wheels, Steering Columns And Steering Boxes 2024

Market Size for Steering Wheels, Steering Columns And Steering Boxes in the Netherlands

The Dutch steering wheels and columns market totaled $X in 2022, increasing by 3% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Steering Wheels, Steering Columns And Steering Boxes in the Netherlands

In value terms, steering wheels and columns production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 84%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from the Netherlands

In 2022, after five years of growth, there was significant decline in shipments abroad of steering wheels, steering columns and steering boxes, when their volume decreased by -26.1% to X tons. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 215% against the previous year. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, steering wheels and columns exports reduced markedly to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 215% against the previous year. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Brazil (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of steering wheels and columns exports from the Netherlands, together accounting for 75% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +95.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Brazil ($X) and Germany ($X) appeared to be the largest markets for steering wheels and columns exported from the Netherlands worldwide, together accounting for 69% of total exports.

Among the main countries of destination, Brazil, with a CAGR of +75.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steering wheels and columns export price amounted to $X per ton, which is down by -29.3% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 4.8%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.2%), while the prices for the other major destinations experienced a decline.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into the Netherlands

In 2022, supplies from abroad of steering wheels, steering columns and steering boxes increased by 17% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted resilient growth. The growth pace was the most rapid in 2017 when imports increased by 80% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, steering wheels and columns imports declined to $X in 2022. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 116% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Poland (X tons) and China (X tons) were the main suppliers of steering wheels and columns imports to the Netherlands, together accounting for 61% of total imports. Spain, Hungary, Romania, the Czech Republic, Sweden, France, the UK, Turkey, Belgium and Japan lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +99.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steering wheels and columns suppliers to the Netherlands were Germany ($X), Poland ($X) and Spain ($X), with a combined 54% share of total imports. Romania, China, Japan, Belgium, Hungary, the Czech Republic, France, the UK, Sweden and Turkey lagged somewhat behind, together accounting for a further 38%.

Romania, with a CAGR of +89.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average steering wheels and columns import price amounted to $X per ton, falling by -20.2% against the previous year. Over the period under review, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in 2017 an increase of 20%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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