Africa: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Africa

The African self-propelled non-electric fork-lift truck market skyrocketed to $X in 2022, jumping by 26% against the previous year. The total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Africa

In value terms, self-propelled non-electric fork-lift truck production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 89%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports in Africa

In 2022, self-propelled non-electric fork-lift truck exports in Africa fell sharply to X units, which is down by -59.8% compared with the year before. In general, exports saw a mild reduction. The growth pace was the most rapid in 2021 with an increase of 223%. As a result, the exports attained the peak of X units, and then contracted significantly in the following year.

In value terms, self-propelled non-electric fork-lift truck exports contracted notably to $X in 2022. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 55% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, recording X units, which was approx. 83% of total exports in 2022. Namibia (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of self-propelled fork-lift trucks with non-electric motor. Namibia (-10.9%) illustrated a downward trend over the same period. While the share of South Africa (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Namibia (-4 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest self-propelled non-electric fork-lift truck supplier in Africa, comprising 76% of total exports. The second position in the ranking was held by Namibia ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -6.5%.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, increasing by 106% against the previous year. In general, the export price, however, showed a noticeable curtailment. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per unit), while South Africa amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+15.1%).

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports in Africa

In 2022, purchases abroad of self-propelled fork-lift trucks with non-electric motor was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 97%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck imports surged to $X in 2022. Over the period under review, imports, however, saw a noticeable setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units) was the key importer of self-propelled fork-lift trucks with non-electric motor, committing 40% of total imports. Algeria (X units) held the second position in the ranking, followed by Tunisia (X units). All these countries together held approx. 15% share of total imports. Cote d'Ivoire (X units), Morocco (X units), Egypt (X units), Ghana (X units), Nigeria (X units), Libya (X units) and Democratic Republic of the Congo (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to self-propelled non-electric fork-lift truck imports into South Africa stood at -5.9%. At the same time, Cote d'Ivoire (+5.1%), Ghana (+4.7%) and Democratic Republic of the Congo (+1.6%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Africa, with a CAGR of +5.1% from 2012-2022. Morocco and Tunisia experienced a relatively flat trend pattern. By contrast, Algeria (-3.7%), Nigeria (-4.2%), Libya (-6.1%) and Egypt (-17.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Ghana, Morocco and Tunisia increased by +2.8, +2.2, +1.9 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported self-propelled fork-lift trucks with non-electric motor in Africa, comprising 31% of total imports. The second position in the ranking was taken by Algeria ($X), with an 11% share of total imports. It was followed by Morocco, with a 6.9% share.

In South Africa, self-propelled non-electric fork-lift truck imports contracted by an average annual rate of -5.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Algeria (-4.1% per year) and Morocco (+2.2% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, waning by -4.8% against the previous year. Over the period under review, the import price, however, showed a slight increase. The most prominent rate of growth was recorded in 2020 an increase of 375% against the previous year. The level of import peaked at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per unit), while Libya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+19.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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