Belgium: Truck Crane Market 2025

Truck Crane Market Size in Belgium

The Belgian truck crane market contracted sharply to $X in 2021, declining by -17.2% against the previous year. Overall, consumption continues to indicate a abrupt decrease. Truck crane consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Truck Crane Production in Belgium

In value terms, truck crane production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Truck Crane Exports

Exports from Belgium

In 2021, truck crane exports from Belgium skyrocketed to X units, surging by 30% compared with the previous year's figure. Overall, exports posted a mild expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 239%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, truck crane exports declined to $X in 2021. Over the period under review, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 397%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Israel (X units) and Russia (X units) were the main destinations of truck crane exports from Belgium, with a combined 16% share of total exports. France, the Dominican Republic, the Netherlands, Australia, Egypt, Morocco, Senegal, Ukraine and Oman lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +76.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Israel ($X) and the Netherlands ($X) appeared to be the largest markets for truck crane exported from Belgium worldwide, together comprising 40% of total exports. These countries were followed by Senegal, Australia, France, Morocco, Russia, Egypt, the Dominican Republic, Ukraine and Oman, which together accounted for a further 36%.

In terms of the main countries of destination, Senegal, with a CAGR of +72.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average truck crane export price stood at $X per unit in 2021, which is down by -33.3% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2016 an increase of 54% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to Oman ($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 Senegal (+3.4%), while the prices for the other major destinations experienced a decline.

Truck Crane Imports

Imports into Belgium

After two years of growth, supplies from abroad of truck cranes decreased by -1.6% to X units in 2021. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 388% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, truck crane imports dropped modestly to $X in 2021. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of truck crane to Belgium, with a 63% share of total imports. Moreover, truck crane imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), sevenfold. The third position in this ranking was held by the Netherlands (X units), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.5% per year) and the Netherlands (-4.2% per year).

In value terms, Germany ($X) constituted the largest supplier of truck cranes to Belgium, comprising 78% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 6.4% share of total imports. It was followed by France, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-13.1% per year) and France (+5.7% per year).

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, with a decrease of -2.2% against the previous year. In general, the import price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 1,142% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2,413.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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