Australia and Oceania: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Australia and Oceania

In 2022, the non-self-propelled fork-lift truck market in Australia and Oceania increased by 2.6% to $X, rising for the second year in a row after two years of decline. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Production in Australia and Oceania

In value terms, non-self-propelled fork-lift truck production declined to $X in 2022 estimated in export price. In general, production, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2015 with an increase of 147% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in Australia and Oceania

In 2022, overseas shipments of non-self-propelled fork-lift trucks were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 189%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 114%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units) represented roughly 99% of total exports in 2022.

Australia was also the fastest-growing in terms of the non-self-propelled fork-lift trucks exports, with a CAGR of -7.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest non-self-propelled fork-lift truck supplier in Australia and Oceania.

In Australia, non-self-propelled fork-lift truck exports decreased by an average annual rate of -9.5% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, surging by 7.8% against the previous year. Over the period under review, the export price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2018 an increase of 121% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -1.8% per year.

Non-Self-Propelled Fork-Lift Truck Imports

Imports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in overseas purchases of non-self-propelled fork-lift trucks, which increased by 22% to X units in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, non-self-propelled fork-lift truck imports surged to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Australia represented the main importing country with an import of about X units, which resulted at 85% of total imports. It was distantly followed by New Zealand (X units), creating a 10% share of total imports.

Imports into Australia increased at an average annual rate of +7.5% from 2012 to 2022. At the same time, New Zealand (+7.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.5% from 2012-2022. Australia (+5.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported non-self-propelled fork-lift trucks in Australia and Oceania, comprising 64% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +7.8%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, surging by 3.7% against the previous year. In general, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.6%).

Source: IndexBox Platform

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