Cranes and derricks designed for mounting on road vehicles market in Belgium

Earlier Report Observations

In the late 2010s, the regional market for construction equipment and heavy trucks, particularly in neighboring France, showed strong growth. This positive environment, driven by recovery in public works and building sectors, likely supported demand for related vehicle-mounted cranes in Belgium, though specific local data for 2018-2019 is limited. By 2020, the Belgian market volume stood at 246.2 thousand units.

Market volume declined over 2021 and 2022, falling to 205.4 thousand units. Extremely long delivery lead times for industrial vehicles—reaching up to 500 days—severely constrained crane availability in 2021. Concurrently, mobile crane sales in France dropped by 29%, a trend that likely affected the closely linked Belgian market. During 2022, the industry saw significant partnerships and product launches focused on hydrogen and battery-electric powered cranes, signaling a pivotal shift towards alternative energies, even as overall volume contracted.

A sharp recovery occurred in 2023, with market volume jumping 18% to 243.3 thousand units. This resurgence was supported by growing demand for electric mobile gantry cranes, fueled by investments in port infrastructure and their efficiency in container handling. By 2024, improved supply chains cut delivery times to 87 days, easing access. However, a broader slowdown in heavy truck registrations contributed to a slight 4% volume decrease to 234.0 thousand units. In value terms, the market showed stronger growth, particularly in 2021, reflecting higher unit prices and a shift towards more advanced, expensive crane models with new drive technologies.

Production cranes and derricks designed for mounting on road vehicles in Belgium

In value, 2017-2020, M $ US

In 2020, Belgium's production of cranes and derricks designed for mounting on road vehicles was valued at 65.5 million US dollars, showing minimal change from the previous year. Over the period from 2017 to 2020, production decreased by 36.4%, with a compound annual growth rate of -14.0%.

Annual dynamics of production in Belgium in value, 2017-2020, M $ US

In kind, 2017-2020, K unit

In 2020, Belgium produced 247.0 thousand units of cranes and derricks designed for mounting on road vehicles, remaining nearly unchanged compared to 2019. Between 2017 and 2020, production increased by 55.6%, which translates to an annualized growth rate of 15.9%.

Annual dynamics of production in Belgium in kind, 2017-2020, K unit

Exports cranes and derricks designed for mounting on road vehicles from Belgium

Exports in kind, unit

After two consecutive years of growth, Belgium's exports of cranes and derricks designed for mounting on road vehicles declined in 2020. Exports totaled 2 593 units, down 34.5% from the previous year. The peak was recorded in 2019 at 3 961 units, while the largest annual increase occurred in 2018 at 40.2%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, unit

From 2017 to 2020, France, the United Kingdom, and Germany consistently dominated Belgium's exports of cranes and derricks designed for mounting on road vehicles in kind, collectively accounting for 67.3% of total shipments.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Belgium in kind, 2017-2020

Exports in value, K $ US

Following a two-year upward trend, Belgium's exports of cranes and derricks designed for mounting on road vehicles in value terms fell in 2020. Exports amounted to 60 339 thousand US dollars, marking a significant decrease of 15.6% compared to 2019. Over the 2017-2020 period, exports grew by 4.4%, with an annualized rate of 1.4%. The highest value was recorded in 2019 at 71 457 thousand US dollars, which also saw the largest annual increase of 12.6%.

Annual dynamics of product's exports from Belgium in value, 2017-2020, K $ US

Throughout 2017-2020, France, the United Kingdom, and Germany were the leading markets for Belgium's exports of cranes and derricks designed for mounting on road vehicles in value terms. France accounted for 42.5% of exports, the United Kingdom for 14.1%, and Germany for 13.1%, together representing 69.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Belgium in value, 2017-2020

Imports cranes and derricks designed for mounting on road vehicles to Belgium

Imports in kind, unit

Import volumes of cranes and derricks designed for mounting on road vehicles into Belgium showed notable fluctuations from 2017 to 2020. Volumes peaked in 2018 and reached their lowest point in 2020, with a 2.2-fold difference between these years. In 2020, imports totaled 1 864 units, a sharp decline of 50.9% from the previous year. The maximum was recorded in 2018 at 4 174 units, which also saw the largest annual increase of 108.6%.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, unit

From 2017 to 2020, Austria, Sweden, and Italy remained the top suppliers of cranes and derricks designed for mounting on road vehicles to Belgium in kind. Austria held 39.2% of imports, Sweden 15.0%, and Italy 13.0%, collectively making up 67.3% of total import volumes.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Belgium in kind, 2017-2020

Imports in value, K $ US

In 2020, Belgium's imports of cranes and derricks designed for mounting on road vehicles in value terms reached 55 369 thousand US dollars, reflecting a slight decline of 2.7% compared to 2019. Over the 2017-2020 period, imports decreased by 2.8%, with an annualized rate of -0.9%. The lowest value was recorded in 2018 at 53 089 thousand US dollars, which saw the largest annual decline of 6.8%. In contrast, the largest increase occurred in 2019 at 7.2%.

Annual dynamics of product's imports to Belgium in value, 2017-2020, K $ US

Between 2017 and 2020, Sweden, Austria, and Italy continued to be the primary suppliers of cranes and derricks designed for mounting on road vehicles to Belgium in value terms. Sweden accounted for 25.0% of imports, Austria for 23.3%, and Italy for 19.2%, together forming 67.5% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Belgium in value, 2017-2020