CIS: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in CIS

The CIS non-self-propelled fork-lift truck market expanded rapidly to $X in 2022, growing by 5% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Non-Self-Propelled Fork-Lift Truck Production in CIS

In value terms, non-self-propelled fork-lift truck production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in CIS

In 2022, overseas shipments of non-self-propelled fork-lift trucks decreased by -25.1% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 169%. Over the period under review, the exports hit record highs at X units in 2021, and then declined remarkably in the following year.

In value terms, non-self-propelled fork-lift truck exports soared to $X in 2022. Over the period under review, exports, however, showed notable growth. The pace of growth was the most pronounced in 2018 when exports increased by 119% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, reaching X units, which was approx. 89% of total exports in 2022. It was distantly followed by Belarus (X units), comprising a 4.8% share of total exports. The following exporters - Kazakhstan (X units) and Uzbekistan (X units) - each reached a 4.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck exports from Russia stood at +14.3%. At the same time, Uzbekistan (+34.5%) and Kazakhstan (+19.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +34.5% from 2012-2022. By contrast, Belarus (-18.9%) illustrated a downward trend over the same period. While the share of Russia (+53 p.p.), Kazakhstan (+1.8 p.p.) and Uzbekistan (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-54.4 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest non-self-propelled fork-lift truck supplier in the CIS, comprising 48% of total exports. The second position in the ranking was taken by Belarus ($X), with a 4.9% share of total exports. It was followed by Kazakhstan, with a 4.1% share.

In Russia, non-self-propelled fork-lift truck exports expanded at an average annual rate of +4.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-17.9% per year) and Kazakhstan (-2.6% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, surging by 98% against the previous year. In general, the export price, however, recorded a noticeable setback. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a 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 Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

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

Non-Self-Propelled Fork-Lift Truck Imports

Imports in CIS

In 2022, the amount of non-self-propelled fork-lift trucks imported in the CIS surged to X units, increasing by 41% against 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when imports increased by 91%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck imports contracted slightly to $X in 2022. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 113%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X units), distantly followed by Azerbaijan (X units), Uzbekistan (X units), Kazakhstan (X units), Belarus (X units) and Moldova (X units) represented the largest importers of non-self-propelled fork-lift trucks, together constituting 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported non-self-propelled fork-lift trucks in the CIS, comprising 69% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with an 8.7% share of total imports. It was followed by Azerbaijan, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to -8.9%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+22.2% per year) and Azerbaijan (-10.0% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, which is down by -30.9% against the previous year. In general, the import price recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2019 an increase of 46% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Russia ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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