Benelux: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Benelux

In 2022, the Benelux market for lifts, elevators, moving stairways and draglines increased by 113% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Lifts, Elevators, Moving Stairways and Draglines in Benelux

In value terms, lift, elevator, stairway and dragline production rose notably to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 56%. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports in Benelux

In 2022, shipments abroad of lifts, elevators, moving stairways and draglines decreased by -25.7% to X units, falling for the second consecutive year after five years of growth. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 60%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, lift, elevator, stairway and dragline exports reduced to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +51.3% against 2013 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 18% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

The Netherlands represented the main exporting country with an export of around X units, which resulted at 84% of total exports. It was distantly followed by Belgium (X units), generating a 16% share of total exports.

The Netherlands was also the fastest-growing in terms of the lifts, elevators, moving stairways and draglines exports, with a CAGR of +9.0% from 2012 to 2022. At the same time, Belgium (+1.6%) displayed positive paces of growth. The Netherlands (+12 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -11.5% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest lift, elevator, stairway and dragline supplier in Benelux, comprising 85% of total exports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total exports.

In the Netherlands, lift, elevator, stairway and dragline exports increased at an average annual rate of +7.0% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, with an increase of 23% against the previous year. In general, the export price, however, saw a slight slump. The growth pace was the most rapid in 2021 when the export price increased by 34% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.7%).

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports in Benelux

After six years of growth, overseas purchases of lifts, elevators, moving stairways and draglines decreased by -9.8% to X units in 2022. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +74.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, lift, elevator, stairway and dragline imports reached $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the major importer of lifts, elevators, moving stairways and draglines in Benelux, with the volume of imports reaching X units, which was near 74% of total imports in 2022. It was distantly followed by Belgium (X units), generating a 22% share of total imports. Luxembourg (X units) held a minor share of total imports.

The Netherlands was also the fastest-growing in terms of the lifts, elevators, moving stairways and draglines imports, with a CAGR of +6.1% from 2012 to 2022. Luxembourg and Belgium experienced a relatively flat trend pattern. The Netherlands (+12 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -1.5% and -10.4% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported lifts, elevators, moving stairways and draglines in Benelux, comprising 74% of total imports. The second position in the ranking was held by Belgium ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-1.3% per year) and Luxembourg (-1.1% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, with an increase of 12% against the previous year. In general, the import price, however, saw a slight decline. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while Luxembourg ($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 (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform