Eastern Europe: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in Eastern Europe

The East European fork-lift truck market dropped to $X in 2022, which is down by -1.8% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank modestly in the following year.

Fork-Lift Truck Production in Eastern Europe

In value terms, fork-lift truck production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 193% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fork-Lift Truck Exports

Exports in Eastern Europe

In 2022, approx. X units of fork-lift trucks were exported in Eastern Europe; approximately reflecting 2021. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 63%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, fork-lift truck exports expanded rapidly to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 77%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland (X units) and the Czech Republic (X units) prevails in exports structure, together generating 72% of total exports. Slovakia (X units) ranks next in terms of the total exports with an 8.1% share, followed by Romania (7.2%). Hungary (X units), Bulgaria (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +19.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fork-lift truck supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), together accounting for 89% of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +24.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, picking up by 7.5% against the previous year. Over the period under review, the export price posted a mild increase. The most prominent rate of growth was recorded in 2016 an increase of 54%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.4%), while the other leaders experienced mixed trends in the export price figures.

Fork-Lift Truck Imports

Imports in Eastern Europe

In 2022, the amount of fork-lift trucks imported in Eastern Europe stood at X units, growing by 4.4% compared with the year before. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, fork-lift truck imports reduced modestly to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +37.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Poland was the major importer of fork-lift trucks in Eastern Europe, with the volume of imports recording X units, which was near 34% of total imports in 2022. The Czech Republic (X units) took the second position in the ranking, followed by Russia (X units), Romania (X units), Hungary (X units), Bulgaria (X units) and Slovakia (X units). All these countries together took approx. 56% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fork-lift truck imports into Poland stood at +12.1%. At the same time, Bulgaria (+22.4%), Hungary (+13.4%), the Czech Republic (+5.8%), Romania (+4.1%) and Slovakia (+1.7%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +22.4% from 2012-2022. By contrast, Russia (-5.5%) illustrated a downward trend over the same period. While the share of Poland (+16 p.p.), Bulgaria (+4.6 p.p.) and Hungary (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Slovakia (-2.1 p.p.) and Russia (-21.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fork-lift truck importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together comprising 64% of total imports. Hungary, Romania, Slovakia and Bulgaria lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, Bulgaria, with a CAGR of +13.1%, 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

In 2022, the import price in Eastern Europe amounted to $X per unit, declining by -4.9% against the previous year. Over the period under review, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2017 an increase of 14%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Bulgaria ($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 (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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