Belgium: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Belgium

The Belgian mounting lifting equipment market expanded modestly to $X in 2021, growing by 3.9% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mounting lifting equipment consumption peaked in 2021 and is likely to see steady growth in years to come.

Mounting Lifting Equipment Production in Belgium

In value terms, mounting lifting equipment production surged to $X in 2021 estimated in export price. Over the period under review, production showed a slight decline. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Mounting Lifting Equipment Exports

Exports from Belgium

Mounting lifting equipment exports from Belgium stood at X units in 2021, therefore, remained relatively stable against 2020 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 31% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, mounting lifting equipment exports amounted to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 19% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for mounting lifting equipment exports from Belgium, with a 42% share of total exports. Moreover, mounting lifting equipment exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by Luxembourg (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.3% per year) and Luxembourg (+25.9% per year).

In value terms, the largest markets for mounting lifting equipment exported from Belgium were France ($X), Germany ($X) and the Netherlands ($X), together accounting for 72% of total exports. Poland, Luxembourg, Italy, the UK, Austria and Australia lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Poland, with a CAGR of +61.4%, 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 mounting lifting equipment export price stood at $X per unit in 2021, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 13%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Luxembourg ($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 Poland (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into Belgium

Mounting lifting equipment imports into Belgium skyrocketed to X units in 2021, increasing by 16% on the previous year. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 39%. As a result, imports reached the peak of X units; afterwards, it flattened through to 2021.

In value terms, mounting lifting equipment imports skyrocketed to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.5% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 48%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Austria (X units) constituted the largest mounting lifting equipment supplier to Belgium, with a 53% share of total imports. Moreover, mounting lifting equipment imports from Austria exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Austria stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+49.2% per year) and Italy (+4.1% per year).

In value terms, Austria ($X), Italy ($X) and Sweden ($X) appeared to be the largest mounting lifting equipment suppliers to Belgium, with a combined 63% share of total imports.

Sweden, with a CAGR of +127.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounting lifting equipment import price stood at $X per unit in 2021, picking up by 22% against the previous year. In general, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Sweden ($X per unit), while the price for Austria ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :