Benelux: Domestic Appliances Market 2024

Domestic Appliances Market Size in Benelux

The Benelux domestic appliances market surged to $X in 2021, jumping by 27% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Domestic Appliances Production in Benelux

In value terms, domestic appliances production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Domestic Appliances Exports

Exports in Benelux

Domestic appliances exports amounted to X units in 2021, growing by 8.6% on 2020 figures. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 73%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, domestic appliances exports rose markedly to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands was the major exporting country with an export of about X units, which amounted to 71% of total exports. It was distantly followed by Belgium (X units), making up a 29% share of total exports.

The Netherlands was also the fastest-growing in terms of the domestic appliances exports, with a CAGR of +11.2% from 2012 to 2021. At the same time, Belgium (+3.4%) displayed positive paces of growth. While the share of the Netherlands (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-14.8 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest domestic appliances supplier in Benelux, comprising 67% of total exports. The second position in the ranking was taken by Belgium ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +12.6%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, picking up by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 an increase of 7%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%).

Domestic Appliances Imports

Imports in Benelux

In 2021, supplies from abroad of domestic appliances increased by 17% to X units, rising for the fifth consecutive year after two years of decline. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 49%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, domestic appliances imports soared to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The Netherlands was the main importer of domestic appliances in Benelux, with the volume of imports recording X units, which was approx. 65% of total imports in 2021. It was distantly followed by Belgium (X units), creating a 33% share of total imports. Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +8.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic appliances importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

The Netherlands, with a CAGR of +11.1%, saw the highest growth rate of the value of imports, among the main importing countries 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 2021, picking up by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 7.3% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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