Belgium: Crane Market 2024

Crane Market Size in Belgium

The Belgian crane market skyrocketed to $X in 2022, picking up by 17% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Crane consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Crane Production in Belgium

In value terms, crane production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild contraction. Crane production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Crane Exports

Exports from Belgium

After two years of growth, shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -59.8% to X units in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 67%. The exports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, crane exports dropped sharply to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 80% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main destinations of crane exports from Belgium, with a combined 42% share of total exports. The UK, Singapore, the United States, Poland, Israel, Italy, Mexico, Luxembourg, Uruguay and Bulgaria lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +55.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest markets for crane exported from Belgium worldwide, with a combined 38% share of total exports. Mexico, the UK, the United States, Singapore, Italy, Luxembourg, Poland, Israel, Uruguay and Bulgaria lagged somewhat behind, together comprising a further 46%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +47.8%, recorded the highest growth rate of 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 crane export price stood at $X per unit in 2022, rising by 6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Mexico ($X per unit), while the average price for exports to Bulgaria ($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 Mexico (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Belgium

After three years of growth, supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -21.8% to X units in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 88%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crane imports declined notably to $X in 2022. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 53%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of crane to Belgium, accounting for a 27% share of total imports. Moreover, crane imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by France (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.1% per year) and France (-1.6% per year).

In value terms, Germany ($X) constituted the largest supplier of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Belgium, comprising 33% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.9% per year) and the Netherlands (-12.1% per year).

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, reducing by -6% against the previous year. Overall, the import price showed a slight descent. The growth pace was the most rapid in 2021 an increase of 24%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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