Colombia: 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 Colombia

The Colombian self-propelled non-electric fork-lift truck market declined dramatically to $X in 2022, shrinking by -18.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt curtailment. Self-propelled non-electric fork-lift truck consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Colombia

In 2022, approx. X units of self-propelled fork-lift trucks with non-electric motor were exported from Colombia; with a decrease of -21.4% on the year before. Over the period under review, exports, however, enjoyed a measured expansion. The growth pace was the most rapid in 2018 with an increase of 171%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck exports shrank sharply to $X in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 21,560%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units), Guatemala (X units) and Norway (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Colombia, with a combined 36% share of total exports. Moreover, self-propelled non-electric fork-lift truck exports in Chile exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Venezuela ($X) appeared to be the largest markets for self-propelled non-electric fork-lift truck exported from Colombia worldwide, together comprising 64% of total exports.

The United States, with a CAGR of +62.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, reducing by -10% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 14,895% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 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 the United States ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+62.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Colombia

In 2022, approx. X units of self-propelled fork-lift trucks with non-electric motor were imported into Colombia; waning by -20.2% against the previous year. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck imports fell dramatically to $X in 2022. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 63% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Colombia, with a combined 85% share of total imports. The UK, Italy and South Korea lagged somewhat behind, together comprising a further 5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +32.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and Japan ($X) were the largest self-propelled non-electric fork-lift truck suppliers to Colombia, with a combined 79% share of total imports. Italy, the UK and South Korea lagged somewhat behind, together comprising a further 6%.

In terms of the main suppliers, the UK, with a CAGR of +32.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, rising by 3.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 27%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, 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 Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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