Eastern Europe: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Eastern Europe

In 2022, after two years of decline, there was significant growth in the East European non-self-propelled fork-lift truck market, when its value increased by 8.1% to $X. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Non-Self-Propelled Fork-Lift Truck Production in Eastern Europe

In value terms, non-self-propelled fork-lift truck production surged to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -15.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in Eastern Europe

In 2022, shipments abroad of non-self-propelled fork-lift trucks increased by 3.2% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, non-self-propelled fork-lift truck exports rose significantly to $X in 2022. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Poland was the main exporting country with an export of about X units, which reached 41% of total exports. The Czech Republic (X units) ranks second in terms of the total exports with a 23% share, followed by Slovakia (12%), Romania (10%) and Hungary (4.9%). The following exporters - Bulgaria (X units) and Estonia (X units) - together made up 6% 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 Bulgaria (with a CAGR of +22.7%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2022, with a combined 74% share of total exports.

Romania, with a CAGR of +25.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, picking up by 3.3% against the previous year. In general, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 30% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Estonia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+9.9%), while the other leaders experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports in Eastern Europe

Non-self-propelled fork-lift truck imports rose remarkably to X units in 2022, increasing by 8.1% against 2021 figures. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +44.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, non-self-propelled fork-lift truck imports rose remarkably to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +37.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland represented the main importing country with an import of about X units, which finished at 36% of total imports. It was distantly followed by the Czech Republic (X units), Romania (X units), Hungary (X units), Bulgaria (X units) and Russia (X units), together achieving a 51% share of total imports. Ukraine (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck imports into Poland stood at +11.6%. At the same time, Bulgaria (+23.8%), Hungary (+14.0%), the Czech Republic (+7.2%), Ukraine (+6.1%) and Romania (+2.6%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +23.8% from 2012-2022. By contrast, Russia (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Hungary, Bulgaria and the Czech Republic increased by +17, +5.8, +5.4 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, with a combined 57% share of total imports. Romania, Hungary, Bulgaria and Ukraine lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, Bulgaria, with a CAGR of +16.4%, 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 import price in Eastern Europe stood at $X per unit in 2022, remaining stable against the previous year. Overall, the import price showed a slight decrease. The pace of growth was the most pronounced in 2017 an increase of 16%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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