Benelux: Loading Machinery Market 2024

Loading Machinery Market Size in Benelux

The Benelux loading machinery market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 -16.0% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Loading Machinery Production in Benelux

In value terms, loading machinery production soared to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -15.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 23% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Loading Machinery Exports

Exports in Benelux

In 2022, shipments abroad of lifting, handling, loading or unloading machinery decreased by -20.2% to X units for the first time since 2016, thus ending a five-year rising trend. Total exports indicated a slight expansion from 2012 to 2022: its volume 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, exports increased by +29.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports reached the peak of X units, and then contracted sharply in the following year.

In value terms, loading machinery exports plummeted to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 27%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank notably in the following year.

Exports by Country

The Netherlands prevails in exports structure, accounting for X units, which was approx. 85% of total exports in 2022. Luxembourg (X units) ranks second in terms of the total exports with a 7.9% share, followed by Belgium (7.5%).

From 2012 to 2022, average annual rates of growth with regard to loading machinery exports from the Netherlands stood at +4.7%. At the same time, Luxembourg (+27.6%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +27.6% from 2012-2022. By contrast, Belgium (-13.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+23 p.p.) and Luxembourg (+7.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-30.2 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest loading machinery supplier in Benelux, comprising 70% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 24% share of total exports.

In the Netherlands, loading machinery exports expanded at an average annual rate of +6.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Luxembourg (+35.5% per year) and Belgium (-12.1% per year).

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, picking up by 3.6% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 31%. The level of export peaked at $X per unit in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: 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 Luxembourg (+6.2%), while the other leaders experienced more modest paces of growth.

Loading Machinery Imports

Imports in Benelux

In 2022, overseas purchases of lifting, handling, loading or unloading machinery decreased by -8.6% to X units for the first time since 2019, thus ending a two-year rising trend. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +16.8% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, loading machinery imports dropped to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +21.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

The Netherlands represented the main importer of lifting, handling, loading or unloading machinery in Benelux, with the volume of imports amounting to X units, which was near 75% of total imports in 2022. It was distantly followed by Belgium (X units), committing a 21% share of total imports. Luxembourg (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to loading machinery imports into the Netherlands stood at +8.8%. At the same time, Luxembourg (+22.0%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +22.0% from 2012-2022. By contrast, Belgium (-1.2%) illustrated a downward trend over the same period. The Netherlands (+18 p.p.) and Luxembourg (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -20.7% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported lifting, handling, loading or unloading machinery in Benelux, comprising 69% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +6.8%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-2.5% per year) and Luxembourg (+37.1% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, with an increase of 1.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 16%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 Luxembourg (+12.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform