Report Update: Jan 1, 2025

China - Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends And Insights

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Fork-Lift Truck Prices in China

China Fork-Lift Truck Export Price in September 2022

In September 2022, the fork-lift truck price amounted to $2,458 per unit (FOB, China), increasing by 6.5% against the previous month. In general, export price indicated a resilient increase from January 2022 to September 2022: its price increased at an average monthly rate of +6.7% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, fork-lift truck export price increased by +50.5% against May 2022 indices. The pace of growth appeared the most rapid in June 2022 an increase of 31% m-o-m. The export price peaked in September 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Australia ($5,837 per unit), while the average price for exports to India ($849 per unit) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

China Fork-Lift Truck Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was self-propelled fork-lift trucks with non-electric motor ($14,514 per unit), while the average price for exports of non-self-propelled fork-lift trucks ($322 per unit) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: non-self-propelled fork-lift truck (+4.8%), while the prices for the other products experienced mixed trend patterns.

China Fork-Lift Truck Exports

In September 2022, fork-lift truck exports from China plummeted to 223K units, falling by -15.7% compared with the month before. In general, exports recorded a perceptible shrinkage. The growth pace was the most rapid in March 2022 when exports increased by 36% against the previous month. The exports peaked at 311K units in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

In value terms, fork-lift truck exports dropped to $549M (IndexBox estimates) in September 2022. Over the period under review, total exports indicated a tangible expansion from January 2022 to September 2022: its value increased at an average monthly rate of +2.4% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports decreased by -15.0% against July 2022 indices. The growth pace was the most rapid in March 2022 when exports increased by 33% m-o-m. Over the period under review, the exports hit record highs at 645M units in July 2022; however, from August 2022 to September 2022, the exports failed to regain momentum.

China Fork-Lift Truck Exports by Type

Non-self-propelled fork-lift trucks (163K units) was the largest type of fork-lift truck exported from China, with a 73% share of total exports. Moreover, non-self-propelled fork-lift trucks exceeded the volume of the second product type, self-propelled fork-lift trucks with electric motor (42K units), fourfold.

From January 2022 to September 2022, the average monthly growth rate of the volume of export of non-self-propelled fork-lift trucks amounted to -5.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: self-propelled fork-lift trucks with electric motor (-0.9% per month) and self-propelled fork-lift trucks with non-electric motor (+2.1% per month).

In value terms, self-propelled fork-lift trucks with non-electric motor ($267M), self-propelled fork-lift trucks with electric motor ($230M) and non-self-propelled fork-lift trucks ($52M) appeared to be the most exported types of fork-lift trucks from China worldwide.

Among the main product categories, self-propelled electric fork-lift truck, with a CAGR of +3.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.

China Fork-Lift Truck Exports by Country

The United States (62K units) was the main destination for fork-lift truck exports from China, with a 28% share of total exports. Moreover, fork-lift truck exports to the United States exceeded the volume sent to the second major destination, Russia (14K units), fourfold. The third position in this ranking was held by India (12K units), with a 5.3% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of volume to the United States stood at -4.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (-7.8% per month) and India (-4.6% per month).

In value terms, the largest markets for fork-lift truck exported from China were the United States ($76M), Australia ($48M) and Russia ($42M), with a combined 30% share of total exports. These countries were followed by Brazil, Belgium, South Korea, Germany, the UK, Mexico, Malaysia, India, Vietnam and Japan, which together accounted for a further 24%.

Mexico, with a CAGR of +10.9%, saw 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fork-lift truck market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221513 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height . 1 m
Prodcom 28221515 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height < 1 m
Prodcom 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor
Prodcom 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024