Belgium: Pile-Driver Market 2024

Pile-Driver Market Size in Belgium

In 2021, after two years of decline, there was significant growth in the Belgian pile-driver market, when its value increased by 4,456% to $X. In general, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pile-Driver Production in Belgium

In value terms, pile-driver production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Pile-Driver Exports

Exports from Belgium

In 2021, approx. X units of pile-drivers and pile-extractors were exported from Belgium; with an increase of 364% compared with the previous year's figure. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 586% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, pile-driver exports soared to $X in 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,518%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X units) was the main destination for pile-driver exports from Belgium, with a 81% share of total exports. Moreover, pile-driver exports to Russia exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +139.5%.

In value terms, Russia ($X) remains the key foreign market for pile-drivers and pile-extractors exports from Belgium, comprising 91% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +98.8%.

Export Prices by Country

The average pile-driver export price stood at $X per unit in 2021, falling by -43.2% against the previous year. Over the period under review, the export price continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 267%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to the Netherlands amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-17.0%).

Pile-Driver Imports

Imports into Belgium

Pile-driver imports into Belgium surged to X units in 2021, jumping by 7,165% against 2020 figures. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pile-driver imports surged to $X in 2021. Overall, imports posted a temperate expansion. The pace of growth was the most pronounced in 2020 when imports increased by 1,012% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X units) constituted the largest pile-driver supplier to Belgium, with a 66% share of total imports. Moreover, pile-driver imports from Singapore exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from Singapore was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+171.5% per year) and the United Arab Emirates (+145.4% per year).

In value terms, Singapore ($X), the United States ($X) and the United Arab Emirates ($X) appeared to be the largest pile-driver suppliers to Belgium, with a combined 43% share of total imports. Sweden and Poland lagged somewhat behind, together comprising a further 1.1%.

Sweden, with a CAGR of +1,394.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pile-driver import price amounted to $X per unit, shrinking by -97.9% against the previous year. In general, the import price faced a precipitous contraction. The growth pace was the most rapid in 2015 an increase of 58% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Poland ($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 (+274.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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