Belgium: Market for Agricultural And Forestry Tractors 2024

Market Size for Agricultural And Forestry Tractors in Belgium

In 2022, the Belgian agricultural and forestry tractor market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Agricultural And Forestry Tractors in Belgium

In value terms, agricultural and forestry tractor production contracted to $X in 2022 estimated in export price. In general, production saw a noticeable slump. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Agricultural And Forestry Tractors

Exports from Belgium

In 2022, overseas shipments of agricultural and forestry tractors increased by X% to X units, rising for the fourth year in a row after four years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, agricultural and forestry tractor exports surged to $X in 2022. Overall, exports enjoyed notable growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

France (X units) was the main destination for agricultural and forestry tractor exports from Belgium, with a X% share of total exports. Moreover, agricultural and forestry tractor exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, France ($X) remains the key foreign market for agricultural and forestry tractors exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Poland (X% per year).

Export Prices by Country

The average agricultural and forestry tractor export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed a temperate expansion. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agricultural And Forestry Tractors

Imports into Belgium

In 2022, approx. X units of agricultural and forestry tractors were imported into Belgium; growing by X% against 2021 figures. Over the period under review, imports showed a moderate expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, agricultural and forestry tractor imports surged to $X in 2022. Overall, imports posted a measured expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest agricultural and forestry tractor supplier to Belgium, accounting for a X% share of total imports. Moreover, agricultural and forestry tractor imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), sevenfold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the UK (X% per year).

In value terms, the UK ($X) constituted the largest supplier of agricultural and forestry tractors to Belgium, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average agricultural and forestry tractor import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price showed a mild decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :