Benelux: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Benelux

The Benelux non-self-propelled fork-lift truck market fell markedly to $X in 2022, waning by -15.9% against the previous year. In general, consumption, however, recorded a measured expansion. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Production in Benelux

In value terms, non-self-propelled fork-lift truck production soared to $X in 2022 estimated in export price. Overall, production posted a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of 292%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in Benelux

For the third consecutive year, Benelux recorded growth in overseas shipments of non-self-propelled fork-lift trucks, which increased by 41% to X units in 2022. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-self-propelled fork-lift truck exports surged to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +94.1% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the largest exporting country with an export of around X units, which finished at 77% of total exports. It was distantly followed by Belgium (X units), making up a 23% share of total exports.

The Netherlands was also the fastest-growing in terms of the non-self-propelled fork-lift trucks exports, with a CAGR of +9.1% from 2012 to 2022. Belgium (-2.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +24 percentage points.

In value terms, the largest non-self-propelled fork-lift truck supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +12.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, falling by -8.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2019 an increase of 38%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%).

Non-Self-Propelled Fork-Lift Truck Imports

Imports in Benelux

In 2022, the amount of non-self-propelled fork-lift trucks imported in Benelux rose slightly to X units, growing by 2.8% on the year before. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +65.3% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, non-self-propelled fork-lift truck imports soared to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +45.2% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 30%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X units) represented the key importer of non-self-propelled fork-lift trucks, making up 62% of total imports. It was distantly followed by Belgium (X units), generating a 37% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +11.2%).

In value terms, the largest non-self-propelled fork-lift truck importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, growing by 13% against the previous year. Overall, the import price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of 29% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.3%).

Source: IndexBox Platform