Belgium: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2025

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Belgium

The Belgian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped dramatically to $X in 2022, which is down by -33.2% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then fell remarkably in the following year.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Belgium

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles contracted notably to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 67%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Belgium

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were exported from Belgium; falling by -3.9% on the previous year. In general, exports saw a pronounced reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 29% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2022. Over the period under review, exports continue to indicate a slight setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), France (X units) and Poland (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Belgium, together accounting for 78% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +10.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Belgium, comprising 43% of total exports. The second position in the ranking was taken by France ($X), with an 18% share of total exports. It was followed by Luxembourg, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.5% per year) and Luxembourg (+1.4% per year).

Export Prices by Country

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, increasing by 27% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by +118.8% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Belgium

Imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into Belgium contracted dramatically to X units in 2022, falling by -32.8% compared with the year before. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

China (X units), Sri Lanka (X units) and India (X units) were the main suppliers of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Belgium, with a combined 62% share of total imports. Germany, the Czech Republic, Indonesia, the Netherlands, France, Vietnam, Italy, Slovakia and Thailand lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +69.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), India ($X) and France ($X) were the largest agricultural, construction and industrial machinery tyre suppliers to Belgium, with a combined 45% share of total imports. China, the Netherlands, Germany, Slovakia, Italy, Sri Lanka, Indonesia, Thailand and Vietnam lagged somewhat behind, together comprising a further 32%.

Slovakia, with a CAGR of +91.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, growing by 39% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by +111.1% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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