Belgium: Escalator Market 2025

Escalator Market Size in Belgium

In 2022, the Belgian escalator market was finally on the rise to reach $X after three years of decline. Overall, consumption posted resilient growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Escalator Production in Belgium

In value terms, escalator production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Escalator Exports

Exports from Belgium

In 2022, escalator exports from Belgium reduced remarkably to X units, waning by -75% compared with 2021 figures. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 500%. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, escalator exports surged to $X in 2022. Over the period under review, exports faced a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 2,212% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units), Democratic Republic of the Congo (X units) and Serbia (X units) were the main destinations of escalator exports from Belgium, together accounting for 67% of total exports. Moreover, escalator exports in the UK exceeded the figures recorded by the second-largest exporter, Democratic Republic of the Congo, twofold.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for escalators and moving WalkWays exports from Belgium, comprising 59% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 23% share of total exports. It was followed by Sudan, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (0.0% per year) and Sudan (+22.0% per year).

Export Prices by Country

In 2022, the average escalator export price amounted to $X per unit, rising by 534% against the previous year. Overall, the export price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 891%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Luxembourg ($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 Sudan (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.

Escalator Imports

Imports into Belgium

In 2022, after three years of decline, there was significant growth in purchases abroad of escalators and moving WalkWays, when their volume increased by 240% to X units. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 300%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, escalator imports surged to $X in 2022. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 288%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Slovakia (X units) and the Netherlands (X units) were the main suppliers of escalator imports to Belgium, together comprising 91% of total imports. Moreover, escalator imports in China exceeded the figures recorded by the second-largest supplier, Slovakia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of escalators and moving WalkWays to Belgium, comprising 55% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 26% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (0.0% per year) and the Netherlands (+47.3% per year).

Import Prices by Country

The average escalator import price stood at $X per unit in 2022, falling by -9.6% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, escalator import price increased by +77.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 96%. As a result, import price reached the peak level of $X per unit, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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