Benelux: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Benelux

In 2022, the Benelux pedestrian-controlled tractor market decreased by -3.2% to $X, falling for the second consecutive year after five years of growth. The total consumption indicated a noticeable expansion 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, consumption decreased by -13.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pedestrian-Controlled Tractor Production in Benelux

In value terms, pedestrian-controlled tractor production expanded sharply to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -5.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Pedestrian-Controlled Tractor Exports

Exports in Benelux

In 2022, approx. X units of pedestrian-controlled tractors were exported in Benelux; picking up by 349% against the year before. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pedestrian-controlled tractor exports soared to $X in 2022. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 229%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium prevails in exports structure, recording X units, which was approx. 95% of total exports in 2022. The Netherlands (X units) held a minor share of total exports.

Belgium was also the fastest-growing in terms of the pedestrian-controlled tractors exports, with a CAGR of +25.6% from 2012 to 2022. At the same time, the Netherlands (+3.8%) displayed positive paces of growth. From 2012 to 2022, the share of Belgium increased by +21 percentage points.

In value terms, Belgium ($X) emerged as the largest pedestrian-controlled tractor supplier in Benelux, comprising 87% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total exports.

In Belgium, pedestrian-controlled tractor exports increased at an average annual rate of +7.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, declining by -65.6% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 45% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-6.0%).

Pedestrian-Controlled Tractor Imports

Imports in Benelux

In 2022, after two years of growth, there was significant decline in purchases abroad of pedestrian-controlled tractors, when their volume decreased by -44.3% to X units. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 44%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pedestrian-controlled tractor imports shrank rapidly to $X in 2022. Overall, imports faced a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium was the key importing country with an import of about X units, which reached 71% of total imports. The Netherlands (X units) held the second position in the ranking, distantly followed by Luxembourg (X units). All these countries together held near 29% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pedestrian-controlled tractor imports into Belgium stood at -8.9%. Luxembourg (-6.9%) and the Netherlands (-18.4%) illustrated a downward trend over the same period. While the share of Belgium (+22 p.p.) and Luxembourg (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-24.6 p.p.) displayed negative dynamics.

In value terms, the largest pedestrian-controlled tractor importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

In terms of the main importing countries, Luxembourg, with a CAGR of -8.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, falling by -54.2% against the previous year. Over the period under review, the import price recorded a mild reduction. The growth pace was the most rapid in 2014 an increase of 50% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 the Netherlands ($X per unit), while Belgium ($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 (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform