Asia: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2025

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

The Asian self-propelled non-electric fork-lift truck market expanded remarkably to $X in 2022, surging by 6.3% against the previous year. In general, consumption, however, showed a slight shrinkage. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, self-propelled non-electric fork-lift truck production rose rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports in Asia

Self-propelled non-electric fork-lift truck exports soared to X units in 2022, with an increase of 18% compared with the previous year. Overall, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 47%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, self-propelled non-electric fork-lift truck exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was near 80% of total exports in 2022. It was distantly followed by South Korea (X units) and Japan (X units), together achieving a 16% share of total exports.

China was also the fastest-growing in terms of the self-propelled fork-lift trucks with non-electric motor exports, with a CAGR of +12.7% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. Japan (-6.1%) illustrated a downward trend over the same period. China (+32 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -7.2% and -21% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest self-propelled non-electric fork-lift truck supplier in Asia, comprising 65% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +12.3%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+3.5% per year) and Japan (-4.6% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, rising by 11% against the previous year. In general, the export price, however, showed a slight shrinkage. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2022, supplies from abroad of self-propelled fork-lift trucks with non-electric motor increased by 11% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck imports rose notably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of self-propelled non-electric fork-lift truck imports in 2022 were Turkey (X units), Thailand (X units), Indonesia (X units), Vietnam (X units), Malaysia (X units), the Philippines (X units), Singapore (X units), the United Arab Emirates (X units), Taiwan (Chinese) (X units), Israel (X units) and South Korea (X units), together recording 79% of total import. The following importers - Kazakhstan (X units) and Iraq (X units) - each resulted at a 3.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled non-electric fork-lift truck importing markets in Asia were Indonesia ($X), Turkey ($X) and Thailand ($X), together accounting for 35% of total imports. Vietnam, Israel, the United Arab Emirates, Malaysia, Taiwan (Chinese), South Korea, the Philippines, Kazakhstan, Singapore and Iraq lagged somewhat behind, together comprising a further 43%.

Among the main importing countries, Vietnam, with a CAGR of +13.0%, recorded 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

The import price in Asia stood at $X per unit in 2022, picking up by 2.4% against the previous year. Overall, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of 3.6% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Israel ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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