Belgium: Self-Propelled Excavating Machinery Market 2025

Self-Propelled Excavating Machinery Market Size in Belgium

The Belgian self-propelled excavating machinery market skyrocketed to $X in 2021, growing by 873% against the previous year. In general, consumption, however, faced a drastic downturn. Self-propelled excavating machinery consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Production in Belgium

In value terms, self-propelled excavating machinery production rose remarkably to $X in 2021 estimated in export price. Overall, production recorded a abrupt curtailment. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Belgium

In 2021, the amount of self-propelled earth moving, excavating machinery exported from Belgium skyrocketed to X units, growing by 36% against 2020. Over the period under review, exports posted a moderate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 379%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, self-propelled excavating machinery exports totaled $X in 2021. Overall, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 286%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), the United States (X units) and Ukraine (X units) were the main destinations of self-propelled excavating machinery exports from Belgium, with a combined 56% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +87.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled excavating machinery exported from Belgium were the Netherlands ($X), the United States ($X) and Egypt ($X), with a combined 54% share of total exports. Ukraine, France, Sweden, Germany and Italy lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Ukraine, with a CAGR of +49.6%, saw the highest rates of growth with regard to 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

In 2021, the average self-propelled excavating machinery export price amounted to $X per unit, with a decrease of -19.5% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 a decrease of -0.2% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Ukraine ($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 Egypt (-10.3%), while the prices for the other major destinations experienced a decline.

Self-Propelled Excavating Machinery Imports

Imports into Belgium

In 2021, overseas purchases of self-propelled earth moving, excavating machinery increased by 76% to X units, rising for the fourth consecutive year after four years of decline. In general, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 156% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, self-propelled excavating machinery imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 122% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

From 2012 to 2021, the average annual growth rate of volume from No country was relatively modest.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest self-propelled excavating machinery suppliers to Belgium, together comprising 42% of total imports. These countries were followed by France and the United States, which together accounted for a further 5.7%.

France, with a CAGR of +18.2%, recorded 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.

Source: IndexBox Platform

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