Belgium: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Belgium

The Belgian driving and non-driving axle market soared to $X in 2021, jumping by 39% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in Belgium

In value terms, driving and non-driving axle production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Belgium

In 2021, shipments abroad of drive-axles with differential and non-driving axles was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, driving and non-driving axle exports soared to $X in 2021. Overall, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Germany (X tons) were the main destinations of driving and non-driving axle exports from Belgium, with a combined 87% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for driving and non-driving axle exported from Belgium were the UK ($X), the Netherlands ($X) and Germany ($X), with a combined 80% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +6.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average driving and non-driving axle export price amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Belgium

In 2021, overseas purchases of drive-axles with differential and non-driving axles increased by 26% to X tons, rising for the second year in a row after six years of decline. Overall, imports, however, showed a noticeable decrease. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, driving and non-driving axle imports skyrocketed to $X in 2021. In general, imports, however, showed a noticeable setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), Germany (X tons) and France (X tons) were the main suppliers of driving and non-driving axle imports to Belgium, with a combined 75% share of total imports. These countries were followed by the Netherlands, India, Italy, Spain, the UK and Austria, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +104.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of driving and non-driving axle to Belgium, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by France, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.9% per year) and France (+7.3% per year).

Import Prices by Country

In 2021, the average driving and non-driving axle import price amounted to $X per ton, remaining stable against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, driving and non-driving axle import price decreased by -19.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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