Belgium: Loading Machinery Market 2025

Loading Machinery Market Size in Belgium

The Belgian loading machinery market expanded significantly to $X in 2022, increasing by 14% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +81.3% against 2015 indices. Loading machinery consumption peaked in 2022 and is likely to see steady growth in years to come.

Loading Machinery Production in Belgium

In value terms, loading machinery production expanded slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Loading Machinery Exports

Exports from Belgium

After two years of growth, shipments abroad of lifting, handling, loading or unloading machinery decreased by -79.4% to X units in 2022. In general, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 195% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, loading machinery exports shrank sharply to $X in 2022. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 200%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units), the United States (X units) and the Netherlands (X units) were the main destinations of loading machinery exports from Belgium, with a combined 32% share of total exports. Australia, Germany, Bosnia and Herzegovina, Switzerland, Mexico, Spain, the Czech Republic, Chile, the UK and Italy lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +65.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for lifting, handling, loading or unloading machinery exports from Belgium, comprising 26% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-15.5% per year) and the Netherlands (-22.7% per year).

Export Prices by Country

The average loading machinery export price stood at $X per unit in 2022, increasing by 19% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loading machinery export price increased by +76.4% against 2015 indices. The growth pace was the most rapid in 2019 an increase of 19%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 the UK (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Belgium

After two years of growth, overseas purchases of lifting, handling, loading or unloading machinery decreased by -50.8% to X units in 2022. In general, imports saw a mild decrease. The pace of growth appeared the most rapid in 2020 with an increase of 60%. Over the period under review, imports hit record highs at X units in 2021, and then contracted sharply in the following year.

In value terms, loading machinery imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 56%. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

The Netherlands (X units), Germany (X units) and China (X units) were the main suppliers of loading machinery imports to Belgium, with a combined 62% share of total imports. These countries were followed by France, Italy, the UK, the United States and Austria, which together accounted for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +24.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) appeared to be the largest loading machinery suppliers to Belgium, together accounting for 55% of total imports. These countries were followed by France, Italy, the UK, the United States and Austria, which together accounted for a further 25%.

In terms of the main suppliers, Italy, with a CAGR of +13.1%, recorded the highest rates of growth with regard to 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 loading machinery import price stood at $X per unit in 2022, growing by 8.6% against the previous year. Over the period under review, the import price, however, showed a slight decline. The growth pace was the most rapid in 2021 an increase of 9.3%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 UK (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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