Benelux: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Benelux

For the fourth year in a row, the Benelux road tractor for semi-trailer market recorded decline in sales value, which decreased by -14.1% to $X in 2021. In general, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Road Tractors For Semi-Trailers in Benelux

In value terms, road tractor for semi-trailer production rose notably to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Road Tractors For Semi-Trailers

Exports in Benelux

In 2021, the amount of road tractors for semi-trailers exported in Benelux expanded sharply to X units, with an increase of 13% against the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, road tractor for semi-trailer exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X units) was the major exporter of road tractors for semi-trailers, comprising 63% of total exports. It was distantly followed by Belgium (X units), achieving a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of -0.3%).

In value terms, the Netherlands ($X) remains the largest road tractor for semi-trailer supplier in Benelux, comprising 68% of total exports. The second position in the ranking was held by Belgium ($X), with a 32% share of total exports.

In the Netherlands, road tractor for semi-trailer exports expanded at an average annual rate of +4.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, surging by 18% against the previous year. Export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 40%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%).

Imports of Road Tractors For Semi-Trailers

Imports in Benelux

In 2021, purchases abroad of road tractors for semi-trailers was finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a slight decline. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X units) and Belgium (X units) dominates imports structure, together mixing up 98% of total imports. Luxembourg (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +1.5%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) were the countries with the highest levels of imports in 2021.

In terms of the main importing countries, the Netherlands, with a CAGR of +1.0%, saw 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 2021, the import price in Benelux amounted to $X per unit, increasing by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 an increase of 20%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform