Belgium: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Belgium

In 2021, the Belgian off-highway dumper market increased by 2.9% to $X, rising for the second consecutive year after three years of decline. Overall, consumption faced a abrupt shrinkage. Off-highway dumper consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Off-Highway Dumper Production in Belgium

In value terms, off-highway dumper production shrank remarkably to $X in 2021 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 12% against the previous year. Off-highway dumper production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Off-Highway Dumper Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in overseas shipments of dumpers for off-highway use, which increased by 34% to X units in 2021. In general, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 146%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, off-highway dumper exports skyrocketed to $X in 2021. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 236% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Guinea (X units) was the main destination for off-highway dumper exports from Belgium, accounting for a 54% share of total exports. Moreover, off-highway dumper exports to Guinea exceeded the volume sent to the second major destination, France (X units), fivefold. The third position in this ranking was taken by Mali (X units), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Guinea stood at +143.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.3% per year) and Mali (+92.3% per year).

In value terms, France ($X) emerged as the key foreign market for dumpers for off-highway use exports from Belgium, comprising 34% of total exports. The second position in the ranking was taken by Mali ($X), with a 10% share of total exports. It was followed by Guinea, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+124.5% per year) and Guinea (+97.3% per year).

Export Prices by Country

The average off-highway dumper export price stood at $X per unit in 2021, rising by 22% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, off-highway dumper export price increased by +67.0% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Guinea ($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 Liberia (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Belgium

In 2021, the amount of dumpers for off-highway use imported into Belgium soared to X units, increasing by 27% compared with the previous year. In general, imports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of 110% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, off-highway dumper imports surged to $X in 2021. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 136%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Sweden (X units), the UK (X units) and France (X units) were the main suppliers of off-highway dumper imports to Belgium, with a combined 70% share of total imports. These countries were followed by the Netherlands, the United States, Germany and Austria, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the UK ($X) and France ($X) were the largest off-highway dumper suppliers to Belgium, with a combined 80% share of total imports. The Netherlands, the United States, Austria and Germany lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, Austria, with a CAGR of +27.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2021, surging by 18% against the previous year. Overall, the import price saw a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of 79%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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