By 2021, the Belgian lifting equipment market will finally rise to $X after four years of decline. However, consumption continued to show a sharp decline during the period under review. As a result, consumption reaches a peak level of X dollars. From 2017 to 2021, the market growth rate will remain at a low level.

In value terms, 2021 hoisting equipment production is estimated to surge to $X at export prices. During the period under review, production declined sharply. The fastest growth was recorded in 2013, with an increase of X%. As a result, production peaked at X dollars. From 2014 to 2021, production growth will remain at a low level.

Belgium’s lifting equipment export scale
In 2021, after two years of growth, overseas shipments of lifting equipment dropped significantly, with shipments down -X% to X units. Overall, exports contracted significantly. The growth rate was most pronounced in 2017, with an X% increase. During the period under review, exports in 2012 reached a record high of X units; however, from 2013 to 2021, exports were at a lower level.

In value terms, hoisting equipment exports fell to X dollars in 2021. Overall, exports fell sharply. Growth was the fastest in 2020, up X%. During the period under review, exports peaked at $X in 2012; however, from 2013 to 2021, exports were at lower levels.

France (X units), the Netherlands (X units) and Germany (X units) are the main destinations for Belgian hoisting equipment exports, accounting for X% of total exports. South Korea, Sweden and India are somewhat behind, together accounting for a further X-fold between 2012 and 2021, with Sweden achieving the most significant shipment growth (+X% CAGR) among major destination countries , while other leaders saw more modest growth.

By value, France ($X), the Netherlands ($X) and South Korea ($X) are Belgium’s largest global export markets for lifting equipment, accounting for X% of total exports. South Korea, with a CAGR of +X%, had the highest growth rate in export value among the top destination countries during the review period, while the other leading countries saw more moderate growth in shipments.

Import scale of lifting equipment in Belgium
In 2021, Belgium’s imports of lifting equipment significantly expanded to X units, an increase of X% compared to 2020. During the period under review, however, there was a marked pullback in imports. The rate of growth was most pronounced in 2019, with an X% increase over the previous year. During the period under review, imports reached an all-time high of X units in 2012; however, from 2013 to 2021, imports have been at a low level.

In value terms, imports of lifting equipment fall to X dollars in 2021. But overall, imports have fallen sharply. The most significant growth rate occurred in 2016, when imports increased by X% over the previous year. During the period under review, imports reached a record $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In 2021, Kazakhstan (X units) is the largest supplier of lifting equipment in Belgium, accounting for X% of total imports. In addition, imports of hoisting equipment from Kazakhstan were four times higher than the figures recorded by the second largest supplier, Italy (X units). France (X units) is third in the ranking with an X% share.

From 2012 to 2021, the average annual growth rate of Kazakhstan’s exports has been relatively modest. The average annual growth rates of imports for the remaining supplier countries are as follows: Italy (+X% per annum) and France (-X% per annum).

Kazakhstan ($X) is the largest lifting equipment supplier to Belgium by value, representing X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by France with an X% share.

Average annual value growth in Kazakhstan from 2012 to 2021 was relatively modest. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (-X% per annum) and France (-X% per annum).

Statistics of various crane suppliers in Belgium
Kazakhstan is Belgium’s largest supplier of lifting equipment by value, accounting for 60% of total imports. In second place is Germany, which accounts for 15% of total imports. It is followed by France with a share of 5%.

The biggest markets for Belgian lifting equipment exports by value are France, the Netherlands and South Korea, which together account for 63% of total exports.

The average export price of hoisting equipment in 2021 is $832 per unit, down -4.7% from the previous year.

The average import price of hoisting equipment in 2021 is US$970/unit, down -18.9% from the previous year.

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Analysis of the lifting equipment market in Belgium in 2022