Central Asia: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Central Asia

In 2022, the Central Asian non-self-propelled fork-lift truck market increased by 2.2% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Production in Central Asia

In value terms, non-self-propelled fork-lift truck production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 48% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in Central Asia

In 2022, non-self-propelled fork-lift truck exports in Central Asia soared to X units, growing by 440% compared with 2021 figures. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 460%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck exports soared to $X in 2022. Over the period under review, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X units) and Uzbekistan (X units) prevails in exports structure, together mixing up 96% of total exports. The following exporters - Kyrgyzstan (X units) and Tajikistan (X units) - each resulted at a 3.7% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of +34.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Kyrgyzstan ($X) emerged as the largest non-self-propelled fork-lift truck supplier in Central Asia, comprising 91% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 8.7% share of total exports. It was followed by Uzbekistan, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value in Kyrgyzstan stood at +15.7%. In the other countries, the average annual rates were as follows: Kazakhstan (-2.6% per year) and Uzbekistan (-31.3% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, with an increase of 1,578% against the previous year. In general, the export price showed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+60.8%), while the other leaders experienced a decline in the export price figures.

Non-Self-Propelled Fork-Lift Truck Imports

Imports in Central Asia

After three years of decline, purchases abroad of non-self-propelled fork-lift trucks increased by 104% to X units in 2022. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 195%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, non-self-propelled fork-lift truck imports soared to $X in 2022. In general, imports recorded a tangible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Uzbekistan represented the main importer of non-self-propelled fork-lift trucks in Central Asia, with the volume of imports accounting for X units, which was near 61% of total imports in 2022. Kazakhstan (X units) ranks second in terms of the total imports with a 28% share, followed by Turkmenistan (5.6%). Mongolia (X units) took a little share of total imports.

Uzbekistan was also the fastest-growing in terms of the non-self-propelled fork-lift trucks imports, with a CAGR of +29.7% from 2012 to 2022. At the same time, Kazakhstan (+18.0%) and Mongolia (+5.2%) displayed positive paces of growth. By contrast, Turkmenistan (-5.0%) illustrated a downward trend over the same period. While the share of Uzbekistan (+61 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-1.9 p.p.), Mongolia (-9.1 p.p.) and Turkmenistan (-46.4 p.p.) displayed negative dynamics.

In value terms, the largest non-self-propelled fork-lift truck importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X), together comprising 85% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +22.2%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, waning by -41.4% against the previous year. In general, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when the import price increased by 47% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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