Belgium: Concrete Pump Market 2024

Concrete Pump Market Size in Belgium

The Belgian concrete pump market rose sharply to $X in 2021, picking up by 11% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Concrete pump consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Concrete Pump Production in Belgium

In value terms, concrete pump production expanded significantly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 13%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Concrete Pump Exports

Exports from Belgium

In 2021, after three years of growth, there was significant decline in shipments abroad of concrete pumps, when their volume decreased by -8.3% to X units. In general, exports, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2020 when exports increased by 837%. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, concrete pump exports soared to $X in 2021. Over the period under review, exports, however, posted a modest increase. The pace of growth was the most pronounced in 2019 when exports increased by 406% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for concrete pump exports from Belgium, accounting for a 53% share of total exports. Moreover, concrete pump exports to the UK exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by Hungary (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +67.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+20.4% per year) and Hungary (-86.2% per year).

In value terms, France ($X) emerged as the key foreign market for concrete pumps exports from Belgium, comprising 25% of total exports. The second position in the ranking was taken by the UK ($X), with a 10% share of total exports. It was followed by Algeria, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to France totaled -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+41.0% per year) and Algeria (0.0% per year).

Export Prices by Country

The average concrete pump export price stood at $X per unit in 2021, growing by 158% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 245%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Hungary ($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 Niger (+234.9%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Pump Imports

Imports into Belgium

In 2021, approx. X units of concrete pumps were imported into Belgium; with an increase of 3.8% on the previous year. In general, imports saw a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 352%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete pump imports expanded significantly to $X in 2021. Overall, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 119%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), the United States (X units) and Italy (X units) were the main suppliers of concrete pump imports to Belgium, with a combined 65% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +76.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete pump suppliers to Belgium were the Netherlands ($X), Italy ($X) and Germany ($X), together accounting for 72% of total imports.

Germany, with a CAGR of +14.2%, saw 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

In 2021, the average concrete pump import price amounted to $X per unit, picking up by 5.3% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 178% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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