Belgium: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Belgium

For the third year in a row, the Belgian transportation vehicle body market recorded decline in sales value, which decreased by -86.7% to $X in 2022. Overall, consumption recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Transportation Vehicle Body Production in Belgium

In value terms, transportation vehicle body production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of 205% against the previous year. Transportation vehicle body production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Transportation Vehicle Body Exports

Exports from Belgium

After three years of decline, overseas shipments of bodies for motor vehicles for the transporting people increased by 1,197% to X units in 2022. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, transportation vehicle body exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a slight curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for transportation vehicle body exports from Belgium, accounting for a 68% share of total exports. Moreover, transportation vehicle body exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by Romania (X units), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+11.3% per year) and Romania (+56.8% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for bodies for motor vehicles for the transporting people exports from Belgium, comprising 60% of total exports. The second position in the ranking was held by France ($X), with a 24% share of total exports. It was followed by Romania, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.9% per year) and Romania (+53.7% per year).

Export Prices by Country

In 2022, the average transportation vehicle body export price amounted to $X per unit, waning by -40.4% against the previous year. In general, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 110%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Malaysia ($X per unit), while the average price for exports to Luxembourg ($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 Malaysia (+4.3%), while the prices for the other major destinations experienced a decline.

Transportation Vehicle Body Imports

Imports into Belgium

In 2022, purchases abroad of bodies for motor vehicles for the transporting people decreased by -22.3% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2016 when imports increased by 518% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, transportation vehicle body imports shrank modestly to $X in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,045% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of transportation vehicle body to Belgium, with a 85% share of total imports. Moreover, transportation vehicle body imports from Sweden exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +96.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+19.8% per year) and Germany (-10.5% per year).

In value terms, Sweden ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to Belgium, comprising 92% of total imports. The second position in the ranking was held by Japan ($X), with a 5.3% share of total imports. It was followed by the Netherlands, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +77.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+16.7% per year) and the Netherlands (+13.9% per year).

Import Prices by Country

In 2022, the average transportation vehicle body import price amounted to $X per unit, with an increase of 26% against the previous year. Over the period under review, the import price showed temperate growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 85% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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