Africa: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Africa

The African non-self-propelled fork-lift truck market rose rapidly to $X in 2022, increasing by 5.7% against the previous year. Over the period under review, consumption showed strong growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Production in Africa

In value terms, non-self-propelled fork-lift truck production rose significantly to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 696%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in Africa

In 2022, shipments abroad of non-self-propelled fork-lift trucks increased by 26% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 107%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-self-propelled fork-lift truck exports declined to $X in 2022. In general, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2017 when exports increased by 19% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X units, which was near 79% of total exports in 2022. It was distantly followed by Ethiopia (X units), constituting a 5.6% share of total exports. The following exporters - Morocco (X units), Zambia (X units) and Rwanda (X units) - together made up 11% of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck exports from South Africa stood at +16.0%. At the same time, Ethiopia (+46.7%), Rwanda (+31.7%), Zambia (+25.7%) and Morocco (+16.2%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +46.7% from 2012-2022. From 2012 to 2022, the share of South Africa, Ethiopia, Zambia and Rwanda increased by +24, +5.2, +2.6 and +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest non-self-propelled fork-lift truck supplier in Africa, comprising 65% of total exports. The second position in the ranking was held by Zambia ($X), with an 8.4% share of total exports. It was followed by Morocco, with a 2.4% share.

In South Africa, non-self-propelled fork-lift truck exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zambia (+12.7% per year) and Morocco (+4.7% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, falling by -29.6% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the export price increased by 317% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (-10.0%), while the other leaders experienced a decline in the export price figures.

Non-Self-Propelled Fork-Lift Truck Imports

Imports in Africa

In 2022, supplies from abroad of non-self-propelled fork-lift trucks increased by 0.2% to X units, rising for the second year in a row after four years of decline. In general, imports saw a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 6,163% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck imports declined significantly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the key importing country with an import of around X units, which recorded 37% of total imports. Egypt (X units) took the second position in the ranking, followed by Mozambique (X units) and Nigeria (X units). All these countries together took near 29% share of total imports. The following importers - Morocco (X units), Burkina Faso (X units), Botswana (X units), Tunisia (X units), Algeria (X units), Mauritania (X units), Libya (X units) and Senegal (X units) - together made up 22% of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck imports into South Africa stood at +15.6%. At the same time, Mauritania (+46.0%), Burkina Faso (+31.2%), Senegal (+17.4%), Mozambique (+15.4%), Libya (+9.7%), Tunisia (+8.9%), Nigeria (+7.9%), Botswana (+4.6%) and Egypt (+2.7%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Africa, with a CAGR of +46.0% from 2012-2022. Morocco experienced a relatively flat trend pattern. By contrast, Algeria (-8.6%) illustrated a downward trend over the same period. South Africa (+20 p.p.), Mozambique (+4.6 p.p.), Burkina Faso (+2.9 p.p.) and Mauritania (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Morocco, Egypt and Algeria saw its share reduced by -3.8%, -7% and -9.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Nigeria ($X) and Burkina Faso ($X) constituted the countries with the highest levels of imports in 2022, together comprising 30% of total imports.

In terms of the main importing countries, Burkina Faso, with a CAGR of +28.0%, saw the highest rates of growth with regard to 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 import price in Africa amounted to $X per unit, dropping by -16.4% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 5,962% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+12.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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