Belgium: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Belgium

In 2022, the Belgian construction equipment blade market increased by 104% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded a strong expansion. Construction equipment blade consumption peaked in 2022 and is expected to retain growth in the near future.

Construction Equipment Blade Production in Belgium

In value terms, construction equipment blade production reduced modestly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Construction Equipment Blade Exports

Exports from Belgium

In 2022, overseas shipments of blades for construction equipment decreased by -27.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 211%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, construction equipment blade exports contracted significantly to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for construction equipment blade exports from Belgium, accounting for a 31% share of total exports. Moreover, construction equipment blade exports to the Netherlands exceeded the volume sent to the second major destination, Niger (X units), threefold. The third position in this ranking was held by France (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+33.4% per year) and France (-7.9% per year).

In value terms, the largest markets for construction equipment blade exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), together accounting for 51% of total exports. The Czech Republic, Italy, Lithuania, Niger, Austria, the UK, Portugal, Guyana and Bangladesh lagged somewhat behind, together accounting for a further 32%.

The Czech Republic, with a CAGR of +53.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 construction equipment blade export price amounted to $X per unit, with an increase of 2.6% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Bangladesh ($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 the Netherlands (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into Belgium

For the fifth consecutive year, Belgium recorded growth in purchases abroad of blades for construction equipment, which increased by 24% to X units in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 91%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, construction equipment blade imports skyrocketed to $X in 2022. Overall, imports showed a mild expansion. The pace of growth appeared the most rapid in 2016 with an increase of 102%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of construction equipment blade to Belgium, accounting for a 45% share of total imports. Moreover, construction equipment blade imports from Brazil exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +111.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+46.1% per year) and the Netherlands (-5.7% per year).

In value terms, Brazil ($X) constituted the largest supplier of blades for construction equipment to Belgium, comprising 51% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Sweden, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +130.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.0% per year) and Sweden (+28.6% per year).

Import Prices by Country

The average construction equipment blade import price stood at $X per unit in 2022, increasing by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2013 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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