Seals; Mechanical Price in the Netherlands - 2023

Seals; Mechanical Price in the Netherlands (FOB) - 2023

In August 2023, the average seals; mechanical export price amounted to $11.0 per unit, which is down by -6.1% against the previous month. In general, the export price, however, recorded a temperate expansion. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 67% month-to-month. The export price peaked at $11.7 per unit in July 2023, and then shrank in the following month.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was India ($20.8 per unit), while the average price for exports to Belgium ($3.4 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Price in the Netherlands (CIF) - 2023

In August 2023, the average seals; mechanical import price amounted to $4.2 per unit, with a decrease of -12.9% against the previous month. Overall, the import price, however, saw a noticeable expansion. The pace of growth appeared the most rapid in October 2022 an increase of 69% m-o-m. Over the period under review, average import prices reached the peak figure at $4.8 per unit in July 2023, and then dropped in the following month.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($17.8 per unit), while the price for Taiwan (Chinese) ($657 per thousand units) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Exports in the Netherlands

In 2022, exports of seals; mechanicals from the Netherlands contracted slightly to 26M units, shrinking by -4.6% compared with the previous year. Overall, exports saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 9.9%. Over the period under review, the exports hit record highs at 28M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, seals; mechanical exports rose remarkably to $133M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Seals; Mechanical in the Netherlands (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	17.5	14.6	20.5	21.9	7.8%
Italy	9.0	8.9	14.4	12.2	10.7%
United States	11.1	8.5	8.3	9.5	-5.1%
Spain	1.9	2.1	5.1	6.1	47.5%
France	4.4	3.5	6.1	5.9	10.3%
Oman	0.1	0.2	0.2	5.7	284.9%
Poland	2.0	1.8	2.5	5.0	35.7%
China	2.4	3.6	4.8	4.1	19.5%
Belgium	2.1	2.2	5.1	4.0	24.0%
Romania	2.9	3.0	3.3	3.6	7.5%
Egypt	0.2	1.0	2.4	3.2	152.0%
Turkey	3.3	2.6	2.6	2.9	-4.2%
Hungary	1.9	1.5	1.7	1.7	-3.6%
Others	48.8	33.8	46.3	47.3	-1.0%
Total	107	87.1	123	133	7.5%

Top Export Markets for Seals; Mechanical from the Netherlands in 2022:

Germany (5.2M units)
Italy (3.5M units)
United States (2.4M units)
Oman (1.9M units)
Romania (1.5M units)
France (1.2M units)
Belgium (1.1M units)
Spain (1.0M units)
Poland (0.8M units)
Turkey (0.5M units)
Egypt (0.5M units)
China (0.5M units)
Hungary (0.5M units)

Seals; Mechanical Imports in the Netherlands

In 2022, approx. 19M units of seals; mechanicals were imported into the Netherlands; remaining constant against the year before. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports reached the peak of 19M units, leveling off in the following year.

In value terms, seals; mechanical imports reached $77M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Seals; Mechanical in the Netherlands (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	8.6	10.1	14.6	16.1	23.2%
Germany	16.3	14.4	19.8	10.0	-15.0%
Japan	4.1	3.1	4.5	8.7	28.5%
United Kingdom	5.1	5.5	7.5	7.2	12.2%
Finland	7.0	5.8	7.9	6.9	-0.5%
Poland	0.3	0.5	0.4	3.1	117.8%
France	4.8	3.3	3.0	2.9	-15.5%
Belgium	1.9	4.3	2.9	2.7	12.4%
Taiwan (Chinese)	0.6	0.3	0.6	1.1	22.4%
China	0.7	0.7	1.1	1.1	16.3%
Others	13.5	16.2	13.7	16.5	6.9%
Total	63.0	64.3	76.1	76.5	6.7%