Belgium: Lift And Hoist Market 2024

Lift And Hoist Market Size in Belgium

The Belgian lift and hoist market contracted to $X in 2022, waning by -10.3% against the previous year. Over the period under review, consumption recorded a noticeable setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Lift And Hoist Production in Belgium

In value terms, lift and hoist production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 5.1%. Lift and hoist production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Lift And Hoist Exports

Exports from Belgium

In 2022, overseas shipments of lifts and hoists decreased by -38.3% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports saw a slight decrease. The growth pace was the most rapid in 2017 when exports increased by 90%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, lift and hoist exports dropped dramatically to $X in 2022. Overall, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 50%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), the Netherlands (X units) and France (X units) were the main destinations of lift and hoist exports from Belgium, together accounting for 44% of total exports. Spain, Finland, China, the United States, Hungary, Portugal and Vietnam lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +51.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the largest markets for lift and hoist exported from Belgium worldwide, together accounting for 45% of total exports. Spain, Finland, China, the United States, Hungary, Portugal and Vietnam lagged somewhat behind, together accounting for a further 40%.

Vietnam, with a CAGR of +46.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Portugal ($X per unit) and Spain ($X per unit), while the average price for exports to Vietnam ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.1%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Belgium

In 2022, supplies from abroad of lifts and hoists decreased by -40.8% to X units, falling for the second consecutive year after five years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, lift and hoist imports reduced markedly to $X in 2022. Overall, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 32%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Finland (X units) and the Netherlands (X units) were the main suppliers of lift and hoist imports to Belgium, together comprising 65% of total imports. Slovakia, France, Italy, Hungary, Spain and the UK lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +253.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist suppliers to Belgium were Germany ($X), Finland ($X) and the Netherlands ($X), with a combined 65% share of total imports. Slovakia, France, Italy, Hungary, Spain and the UK lagged somewhat behind, together comprising a further 29%.

Slovakia, with a CAGR of +224.2%, saw the highest rates of growth with regard to 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 lift and hoist import price stood at $X per unit in 2022, surging by 6.1% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The growth pace was the most rapid in 2014 an increase of 9%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and Hungary ($X per unit), while the price for France ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+39.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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