Belgium: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Belgium

In 2022, the Belgian self-propelled non-electric fork-lift truck market increased by X% to $X, rising for the fourth year in a row after three years of decline. In general, consumption showed a buoyant increase. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Belgium

For the third consecutive year, Belgium recorded growth in overseas shipments of self-propelled fork-lift trucks with non-electric motor, which increased by X% to X units in 2022. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck exports shrank to $X in 2022. Over the period under review, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), France (X units) and Germany (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Belgium, together comprising X% of total exports. Luxembourg, Poland, Italy, Austria, Sweden and Finland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled non-electric fork-lift truck exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), with a combined X% share of total exports. Sweden, Poland, Luxembourg, Italy, Finland and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to 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 self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 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 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the Netherlands ($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 Poland (X%), while the prices for the other major destinations experienced a decline.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Belgium

In 2022, the amount of self-propelled fork-lift trucks with non-electric motor imported into Belgium rose notably to X units, growing by X% against the year before. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck imports expanded slightly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of self-propelled non-electric fork-lift truck to Belgium, accounting for a X% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from France exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The UK (X units) ranked third in terms of total imports with an X% share.

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

In value terms, France ($X) constituted the largest supplier of self-propelled fork-lift trucks with non-electric motor to Belgium, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

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

Import Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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