Belgium: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Belgium

The Belgian non-propelled vehicle market totaled $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Non-propelled vehicle consumption peaked in 2022 and is expected to retain growth in years to come.

Non-Propelled Vehicle Production in Belgium

In value terms, non-propelled vehicle production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Non-propelled vehicle production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Propelled Vehicle Exports

Exports from Belgium

In 2022, the amount of vehicles not mechanically propelled exported from Belgium reached X units, picking up by X% compared with the year before. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-propelled vehicle exports expanded sharply to $X in 2022. Overall, exports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), the Netherlands (X units) and Germany (X units) were the main destinations of non-propelled vehicle exports from Belgium, together comprising X% of total exports. The Czech Republic, the UK, Spain, Luxembourg and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-propelled vehicle exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports. Italy, the Czech Republic, Spain, Luxembourg and the UK lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-propelled vehicle export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 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 Italy ($X per unit), while the average price for exports to the UK ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Non-Propelled Vehicle Imports

Imports into Belgium

In 2022, the amount of vehicles not mechanically propelled imported into Belgium soared to X units, rising by X% against the year before. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, non-propelled vehicle imports dropped rapidly to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of non-propelled vehicle imports to Belgium, with a combined X% share of total imports. France, Italy, the United States, Poland and Moldova lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest non-propelled vehicle suppliers to Belgium, with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average non-propelled vehicle import price amounted to $X per unit, reducing by X% against the previous year. In general, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 a decline.

Source: IndexBox Platform

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