Belgium: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Belgium

In 2021, the Belgian agricultural and forestry tractor market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a strong increase. Agricultural and forestry tractor consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Agricultural And Forestry Tractors in Belgium

In value terms, agricultural and forestry tractor production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a temperate increase. The growth pace was the most rapid in 2016 when the production volume increased by 161% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Agricultural And Forestry Tractors

Exports from Belgium

In 2021, exports of agricultural and forestry tractors from Belgium surged to X units, with an increase of 29% on the previous year's figure. In general, exports, however, saw a perceptible slump. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural and forestry tractor exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for agricultural and forestry tractor exports from Belgium, with a 47% share of total exports. Moreover, agricultural and forestry tractor exports to France exceeded the volume sent to the second major destination, Germany (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.3% per year) and the Netherlands (-8.8% per year).

In value terms, France ($X) remains the key foreign market for agricultural and forestry tractors exports from Belgium, comprising 26% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Poland, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.1% per year) and Poland (+6.8% per year).

Export Prices by Country

In 2021, the average agricultural and forestry tractor export price amounted to $X per unit, with an increase of 15% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural and forestry tractor export price decreased by -18.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 63% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agricultural And Forestry Tractors

Imports into Belgium

Agricultural and forestry tractor imports into Belgium surged to X units in 2021, increasing by 70% against 2020 figures. Overall, imports, however, continue to indicate a perceptible decline. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, agricultural and forestry tractor imports soared to $X in 2021. In general, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of 38%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Mexico (X units) and Taiwan (Chinese) (X units) were the main suppliers of agricultural and forestry tractor imports to Belgium, with a combined 63% share of total imports. These countries were followed by France, the UK, India, South Korea, Japan, Germany, the United States, Italy and Poland, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +26.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Germany ($X) constituted the largest agricultural and forestry tractor suppliers to Belgium, together comprising 60% of total imports.

Among the main suppliers, the UK, with a CAGR of +32.0%, recorded 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

In 2021, the average agricultural and forestry tractor import price amounted to $X per unit, dropping by -30.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 UK (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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