Belgium: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Belgium

The Belgian self-propelled non-electric fork-lift truck market surged to $X in 2022, increasing by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Belgium

After two years of growth, overseas shipments of self-propelled fork-lift trucks with non-electric motor decreased by -25.4% to X units in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. As a result, the exports reached the peak of X units, and then declined significantly in the following year.

In value terms, self-propelled non-electric fork-lift truck exports dropped remarkably to $X in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), the Netherlands (X units) and Germany (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Belgium, with a combined 67% share of total exports. Luxembourg, Poland, Italy, Austria, the UK, Sweden, Finland and the United States lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +20.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) appeared to be the largest markets for self-propelled non-electric fork-lift truck exported from Belgium worldwide, together comprising 57% of total exports. Sweden, Luxembourg, Poland, Italy, Finland, Austria, the UK and the United States lagged somewhat behind, together accounting for a further 23%.

Sweden, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, which is down by -1.7% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 0.8% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 Poland (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Belgium

In 2022, after four years of growth, there was significant decline in purchases abroad of self-propelled fork-lift trucks with non-electric motor, when their volume decreased by -10.3% to X units. Over the period under review, imports, however, posted a temperate increase. The pace of growth was the most pronounced in 2016 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, self-propelled non-electric fork-lift truck imports stood at $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of self-propelled non-electric fork-lift truck to Belgium, with a 37% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from France exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was held by China (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+89.4% per year) and China (+23.9% per year).

In value terms, France ($X) constituted the largest supplier of self-propelled fork-lift trucks with non-electric motor to Belgium, comprising 33% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.0% per year) and the UK (+3.1% per year).

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, with an increase of 12% against the previous year. Overall, the import price, however, showed a noticeable slump. The growth pace was the most rapid in 2013 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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