Benelux: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Benelux

In 2022, the Benelux trailer and semi-trailer market increased by 81% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Trailer And Semi-Trailer Production in Benelux

In value terms, trailer and semi-trailer production rose sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 22%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Trailer And Semi-Trailer Exports

Exports in Benelux

In 2022, overseas shipments of cargo trailers and semi-trailers decreased by -2.7% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.1% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports reached the peak of X units, and then shrank slightly in the following year.

In value terms, trailer and semi-trailer exports expanded markedly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, the Netherlands (X units) was the largest exporter of cargo trailers and semi-trailers, achieving 65% of total exports. It was distantly followed by Belgium (X units), mixing up a 32% share of total exports. Luxembourg (X units) held a minor share of total exports.

Exports from the Netherlands increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, Luxembourg (+12.1%) and Belgium (+5.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +12.1% from 2012-2022. Belgium (+6.8 p.p.) and Luxembourg (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -8.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest trailer and semi-trailer supplier in Benelux, comprising 58% of total exports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total exports.

In the Netherlands, trailer and semi-trailer exports increased at an average annual rate of +8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+2.3% per year) and Luxembourg (+11.8% per year).

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while Belgium ($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 Netherlands (+6.3%), while the other leaders experienced a decline in the export price figures.

Trailer And Semi-Trailer Imports

Imports in Benelux

In 2022, approx. X units of cargo trailers and semi-trailers were imported in Benelux; dropping by -16.9% against 2021. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2012 indices. The growth pace was the most rapid in 2019 with an increase of 29%. Over the period under review, imports hit record highs at X units in 2021, and then reduced sharply in the following year.

In value terms, trailer and semi-trailer imports rose slightly to $X in 2022. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the Netherlands (X units) represented the largest importer of cargo trailers and semi-trailers, comprising 58% of total imports. Belgium (X units) ranks second in terms of the total imports with a 29% share, followed by Luxembourg (12%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Luxembourg (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported cargo trailers and semi-trailers in Benelux, comprising 65% of total imports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +12.8%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+2.5% per year) and Luxembourg (+15.0% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, with an increase of 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($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 Netherlands (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform