Argentina: 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 Argentina

In 2022, the Argentinian self-propelled non-electric fork-lift truck market increased by 67% to $X, rising for the third year in a row after four years of decline. In general, consumption recorded resilient growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

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

Exports from Argentina

For the fifth year in a row, Argentina recorded growth in overseas shipments of self-propelled fork-lift trucks with non-electric motor, which increased by 243% to X units in 2022. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck exports soared to $X in 2022. Overall, exports, however, recorded a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for self-propelled non-electric fork-lift truck exports from Argentina, with a 88% share of total exports. Moreover, self-propelled non-electric fork-lift truck exports to Uruguay exceeded the volume sent to the second major destination, Chile (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Uruguay totaled +4.9%.

In value terms, Uruguay ($X) emerged as the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from Argentina, comprising 71% of total exports. The second position in the ranking was taken by Chile ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay stood at +4.2%.

Export Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, rising by 470% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 483% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Uruguay stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+1.3%), while the prices for the other major destinations experienced a decline.

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

Imports into Argentina

In 2022, supplies from abroad of self-propelled fork-lift trucks with non-electric motor increased by 70% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 91%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck imports surged to $X in 2022. Overall, imports showed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 95%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of self-propelled non-electric fork-lift truck to Argentina, accounting for a 87% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.9% per year) and the United States (-8.6% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled fork-lift trucks with non-electric motor to Argentina, comprising 72% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.3% share of total imports. It was followed by the United States, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.2% per year) and the United States (-7.4% per year).

Import Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck import price amounted to $X per unit, shrinking by -3.1% against the previous year. Overall, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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