Eastern Asia: 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 Eastern Asia

In 2022, the East Asian self-propelled non-electric fork-lift truck market decreased by -0.8% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a perceptible reduction. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Eastern Asia

In value terms, self-propelled non-electric fork-lift truck production totaled $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in Eastern Asia

Self-propelled non-electric fork-lift truck exports skyrocketed to X units in 2022, growing by 18% on the previous year. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, self-propelled non-electric fork-lift truck exports skyrocketed to $X in 2022. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 56%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. 83% of total exports in 2022. South Korea (X units) ranks second in terms of the total exports with an 8.5% share, followed by Japan (8%).

China was also the fastest-growing in terms of the self-propelled fork-lift trucks with non-electric motor exports, with a CAGR of +12.7% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. Japan (-6.1%) illustrated a downward trend over the same period. China (+32 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -7.6% and -22% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest self-propelled non-electric fork-lift truck supplier in Eastern Asia, comprising 67% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +12.3%. In the other countries, the average annual rates were as follows: South Korea (+3.5% per year) and Japan (-4.6% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, increasing by 12% against the previous year. In general, the export price, however, recorded a slight shrinkage. The level of export peaked at $X per unit in 2016; however, from 2017 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 South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Asia

Self-propelled non-electric fork-lift truck imports reduced to X units in 2022, which is down by -8.3% on 2021. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +40.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, self-propelled non-electric fork-lift truck imports declined to $X in 2022. Overall, imports showed a mild setback. The growth pace was the most rapid in 2021 with an increase of 48%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) was the major importer of self-propelled fork-lift trucks with non-electric motor in Eastern Asia, with the volume of imports recording X units, which was near 45% of total imports in 2022. South Korea (X units) took the second position in the ranking, distantly followed by China (X units) and Hong Kong SAR (X units). All these countries together took near 52% share of total imports. Japan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of +8.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest self-propelled non-electric fork-lift truck importing markets in Eastern Asia were Taiwan (Chinese) ($X), South Korea ($X) and China ($X), together comprising 89% of total imports.

South Korea, with a CAGR of +5.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, rising by 2.2% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The growth pace was the most rapid in 2017 an increase of 14%. The level of import peaked at $X per unit in 2013; however, from 2014 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 China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :