Belgium: Bus Market 2024

Bus Market Size in Belgium

The Belgian bus market skyrocketed to $X in 2023, surging by X% against the previous year. Overall, consumption posted resilient growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Bus Production in Belgium

In value terms, bus production stood at $X in 2023 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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Bus Exports

Exports from Belgium

In 2023, after two years of growth, there was decline in overseas shipments of public-transport passenger motor vehicles, when their volume decreased by X% to X units. Overall, total exports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2022, and then shrank in the following year.

In value terms, bus exports dropped markedly to $X in 2023. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Ghana (X units) and France (X units) were the main destinations of bus exports from Belgium, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Italy ($X) constituted the largest markets for bus exported from Belgium worldwide, with a combined X% share of total exports. The United States, Poland, Spain, Germany, Ghana, the UK, Luxembourg, Ukraine, Sweden and Guinea lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ghana, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bus export price stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guinea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bus Imports

Imports into Belgium

In 2023, purchases abroad of public-transport passenger motor vehicles increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, bus imports contracted to $X in 2023. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Poland (X units) constituted the largest supplier of bus to Belgium, accounting for a X% share of total imports. Moreover, bus imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Germany (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, North Macedonia ($X), Poland ($X) and Germany ($X) constituted the largest bus suppliers to Belgium, with a combined X% share of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average bus import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price recorded a slight descent. The pace of growth appeared the most rapid in 2013 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform