Belgium - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Price in Belgium - 2023
Contents:
- Truck Price in Belgium (CIF) - 2023
- Truck Price in Belgium (FOB) - 2023
- Truck Imports in Belgium
- Truck Exports in Belgium
Truck Price in Belgium (CIF) - 2023
The average truck import price stood at $36,526 per unit in June 2023, remaining stable against the previous month. Over the period under review, import price indicated a modest expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, truck import price decreased by -2.0% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 78% month-to-month. The import price peaked at $37,269 per unit in April 2023; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($98,371 per unit), while the price for Turkey ($25,745 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Truck Price in Belgium (FOB) - 2023
The average truck export price stood at $38,258 per unit in June 2023, reducing by -4.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in May 2023 an increase of 29% m-o-m. The export price peaked at $40,208 per unit in January 2023; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was France ($46,873 per unit), while the average price for exports to Guinea ($5,148 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Truck Imports in Belgium
In 2022, supplies from abroad of trucks decreased by -40.5% to 65K units, falling for the second consecutive year after two years of growth. In general, imports faced a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of 115K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, truck imports shrank notably to $2.2B in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of $3.7B. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Truck in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 670 | 718 | 855 | 434 | -13.5% |
| Spain | 375 | 585 | 584 | 361 | -1.3% |
| Germany | 523 | 527 | 455 | 299 | -17.0% |
| South Africa | 621 | 872 | 761 | 205 | -30.9% |
| Italy | 185 | 247 | 187 | 157 | -5.3% |
| Poland | 199 | 177 | 143 | 140 | -11.1% |
| Turkey | 129 | 192 | 167 | 99.1 | -8.4% |
| United Kingdom | 23.1 | 3.9 | 125 | 96.9 | 61.3% |
| Others | 506 | 416 | 455 | 371 | -9.8% |
| Total | 3,231 | 3,739 | 3,733 | 2,163 | -12.5% |
Top Suppliers of Truck to Belgium in 2022:
- Spain (14.3K units)
- France (14.0K units)
- South Africa (6.6K units)
- Italy (5.8K units)
- United Kingdom (5.0K units)
- Germany (4.8K units)
- Poland (4.5K units)
- Turkey (3.7K units)
Truck Exports in Belgium
After three years of growth, shipments abroad of trucks decreased by -42.3% to 58K units in 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at 100K units in 2021, and then reduced dramatically in the following year.
In value terms, truck exports plummeted to $1.9B in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. The exports peaked at $3.2B in 2021, and then plummeted in the following year.
| Export of Truck in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 233 | 360 | 479 | 265 | 4.4% |
| Netherlands | 149 | 196 | 308 | 189 | 8.2% |
| France | 244 | 336 | 394 | 165 | -12.2% |
| Poland | 89.5 | 154 | 253 | 158 | 20.9% |
| United Kingdom | 272 | 420 | 171 | 157 | -16.7% |
| Luxembourg | 181 | 267 | 181 | 121 | -12.6% |
| Sweden | 125 | 200 | 245 | 121 | -1.1% |
| Czech Republic | 12.9 | 43.1 | 54.0 | 39.5 | 45.2% |
| Guinea | 24.5 | 33.1 | 31.1 | 19.2 | -7.8% |
| Nigeria | 26.7 | 36.9 | 29.8 | 15.3 | -16.9% |
| Senegal | 14.8 | 16.3 | 15.4 | 10.8 | -10.0% |
| Benin | 8.9 | 14.5 | 14.6 | 7.3 | -6.4% |
| Togo | 10.0 | 14.0 | 13.6 | 6.2 | -14.7% |
| Others | 502 | 744 | 1,035 | 636 | 8.2% |
| Total | 1,894 | 2,834 | 3,225 | 1,912 | 0.3% |
Top Export Markets for Truck from Belgium in 2022:
- Poland (4.7K units)
- Sweden (4.7K units)
- Germany (4.7K units)
- Netherlands (3.9K units)
- Nigeria (3.8K units)
- Guinea (3.5K units)
- France (3.3K units)
- United Kingdom (3.0K units)
- Luxembourg (2.9K units)
- Benin (1.8K units)
- Czech Republic (1.6K units)
- Senegal (1.4K units)
- Togo (1.4K units)
This report provides an in-depth analysis of the truck market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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