Belgium: Bulldozer Market 2024

Bulldozer Market Size in Belgium

In 2022, the Belgian bulldozer market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Bulldozer Production in Belgium

In value terms, bulldozer production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 2.6%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Bulldozer Exports

Exports from Belgium

In 2022, the amount of bulldozers and angle dozers exported from Belgium declined notably to X units, which is down by -33.1% on the year before. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 52%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bulldozer exports declined sharply to $X in 2022. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 57% against the previous year. 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) was the main destination for bulldozer exports from Belgium, accounting for a 27% share of total exports. Moreover, bulldozer exports to the Netherlands exceeded the volume sent to the second major destination, Morocco (X units), fourfold. France (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+30.7% per year) and France (-12.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for bulldozers and angle dozers exports from Belgium, comprising 49% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 6.8% share of total exports. It was followed by France, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+17.1% per year) and France (-17.0% per year).

Export Prices by Country

The average bulldozer export price stood at $X per unit in 2022, rising by 8.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17% against the previous year. The export price peaked 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Morocco ($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 Democratic Republic of the Congo (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into Belgium

In 2022, approx. X units of bulldozers and angle dozers were imported into Belgium; with a decrease of -32.5% against 2021 figures. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 59%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, bulldozer imports declined markedly to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 91% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X units), France (X units) and the Netherlands (X units) were the main suppliers of bulldozer imports to Belgium, together comprising 79% of total imports. Germany, Poland, the UK and the United States lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +15.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) constituted the largest supplier of bulldozers and angle dozers to Belgium, comprising 57% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.5% per year) and the Netherlands (-4.4% per year).

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, rising by 25% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bulldozer import price increased by +107.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 66% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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