Ethiopia: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Ethiopia

The Ethiopian non-self-propelled fork-lift truck market expanded to $X in 2022, increasing by 2.9% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2020 indices. Non-self-propelled fork-lift truck consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Production in Ethiopia

In value terms, non-self-propelled fork-lift truck production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 -1.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 33% against the previous year. Non-self-propelled fork-lift truck production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Ethiopia

In 2022, the amount of non-self-propelled fork-lift trucks exported from Ethiopia shrank rapidly to X units, waning by -19.8% compared with the year before. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 1,280%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck exports amounted to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 450%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units) and Djibouti (X units) were the main destinations of non-self-propelled fork-lift truck exports from Ethiopia.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +94.4%).

In value terms, the largest markets for non-self-propelled fork-lift truck exported from Ethiopia were Turkey ($X) and Djibouti ($X).

Turkey, with a CAGR of +99.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average non-self-propelled fork-lift truck export price amounted to $X per unit, with an increase of 30% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 an increase of 157%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Djibouti stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+29.8%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Ethiopia

In 2022, the amount of non-self-propelled fork-lift trucks imported into Ethiopia skyrocketed to X units, rising by 166% on the previous year. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 177%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, non-self-propelled fork-lift truck imports soared to $X in 2022. Over the period under review, imports, however, saw a mild decline. The growth pace was the most rapid in 2020 when imports increased by 142%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) constituted the largest non-self-propelled fork-lift truck supplier to Ethiopia, with a 44% share of total imports. Moreover, non-self-propelled fork-lift truck imports from Japan exceeded the figures recorded by the second-largest supplier, France (X units), threefold. China (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.1% per year) and China (+15.5% per year).

In value terms, Japan ($X) constituted the largest supplier of non-self-propelled fork-lift trucks to Ethiopia, comprising 49% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.1% per year) and China (+0.6% per year).

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, which is down by -26.5% against the previous year. Overall, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2020 when the average import price increased by 83% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average 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 Japan ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform