Benelux: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Benelux

The Benelux self-propelled bulldozer market soared to $X in 2021, picking up by 29% against the previous year. In general, consumption recorded a significant increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Self-Propelled Bulldozer Production in Benelux

In value terms, self-propelled bulldozer production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Self-Propelled Bulldozer Exports

Exports in Benelux

In 2021, exports of self-propelled bulldozers and excavators in Benelux rose slightly to X units, growing by 2.5% compared with 2020 figures. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 58%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, self-propelled bulldozer exports totaled $X in 2021. Overall, exports, however, recorded a deep reduction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands was the major exporting country with an export of around X units, which accounted for 69% of total exports. Belgium (X units) held the second position in the ranking, distantly followed by Luxembourg (X units). All these countries together held near 31% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to self-propelled bulldozer exports from the Netherlands stood at -7.2%. At the same time, Luxembourg (+15.8%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +15.8% from 2012-2021. By contrast, Belgium (-16.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands and Luxembourg increased by +17 and +5.4 percentage points, respectively.

In value terms, the largest self-propelled bulldozer supplying countries in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +10.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, rising by 12% against the previous year. In general, the export price posted a mild increase. The growth pace was the most rapid in 2018 an increase of 96% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Bulldozer Imports

Imports in Benelux

In 2021, approx. X units of self-propelled bulldozers and excavators were imported in Benelux; with an increase of 14% against 2020 figures. Over the period under review, imports posted modest growth. The pace of growth was the most pronounced in 2013 when imports increased by 40%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, self-propelled bulldozer imports rose notably to $X in 2021. Overall, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X units) represented the main importer of self-propelled bulldozers and excavators, achieving 57% of total imports. Belgium (X units) ranks second in terms of the total imports with a 38% share, followed by Luxembourg (5%).

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +3.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled bulldozer importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +1.0%, 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, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, with a decrease of -4.8% against the previous year. In general, the import price showed a perceptible decline. The growth pace was the most rapid in 2015 when the import price increased by 23%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 the Netherlands (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform