Denmark: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in Denmark

In 2022, the Danish fork-lift truck market increased by 42% to $X, rising for the fourth year in a row after two years of decline. In general, consumption saw a resilient increase. Fork-lift truck consumption peaked in 2022 and is expected to retain growth in the near future.

Fork-Lift Truck Production in Denmark

In value terms, fork-lift truck production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +18.8% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 21%. Over the period under review, production attained the maximum level in 2022 and is likely to see steady growth in the near future.

Fork-Lift Truck Exports

Exports from Denmark

In 2022, the amount of fork-lift trucks exported from Denmark reduced rapidly to X units, falling by -27.1% against the previous year's figure. In general, exports saw a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. As a result, the exports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, fork-lift truck exports shrank to $X in 2022. Overall, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Sweden (X units), Germany (X units) and the Netherlands (X units) were the main destinations of fork-lift truck exports from Denmark, together comprising 52% of total exports. Norway, France, Poland, Finland, the United States, the UK, Belgium, Switzerland and Spain lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +28.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fork-lift truck exported from Denmark were Germany ($X), Sweden ($X) and the Netherlands ($X), with a combined 45% share of total exports. Poland, France, Finland, Norway, the UK, the United States, Belgium, Switzerland and Spain lagged somewhat behind, together accounting for a further 34%.

The United States, with a CAGR of +41.3%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average fork-lift truck export price amounted to $X per unit, rising by 18% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 57%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Sweden ($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 France (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports into Denmark

For the third consecutive year, Denmark recorded growth in overseas purchases of fork-lift trucks, which increased by 69% to X units in 2022. In general, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fork-lift truck imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), China (X units) and Malaysia (X units) were the main suppliers of fork-lift truck imports to Denmark, together accounting for 56% of total imports. Sweden, the UK, Vietnam, the Netherlands, France and Italy lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +51.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and France ($X) were the largest fork-lift truck suppliers to Denmark, together comprising 63% of total imports. The Netherlands, Italy, China, the UK, Malaysia and Vietnam lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Vietnam, with a CAGR of +60.6%, saw the highest growth rate of 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 average fork-lift truck import price stood at $X per unit in 2022, waning by -36.4% against the previous year. In general, the import price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2014 an increase of 71%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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