EU: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in the EU

The EU fork-lift truck market skyrocketed to $X in 2022, picking up by 24% against the previous year. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fork-Lift Truck Production in the EU

In value terms, fork-lift truck production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Fork-Lift Truck Exports

Exports in the EU

In 2022, the amount of fork-lift trucks exported in the European Union shrank to X units, which is down by -9.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, fork-lift truck exports rose notably to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +29.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

The biggest shipments were from Sweden (X units), Germany (X units), the Netherlands (X units), Italy (X units) and France (X units), together reaching 78% of total export. It was distantly followed by Belgium (X units), achieving a 5.9% share of total exports. Spain (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +5.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest fork-lift truck supplier in the European Union, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with a 16% share of total exports. It was followed by France, with a 12% share.

In Germany, fork-lift truck exports expanded at an average annual rate of +3.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+7.1% per year) and France (+3.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2019 an increase of 23%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

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 Germany ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the other leaders experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports in the EU

In 2022, purchases abroad of fork-lift trucks increased by 13% to X units, rising for the second consecutive year after two years of decline. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +46.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, fork-lift truck imports stood at $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +29.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X units), followed by France (X units), the Netherlands (X units), Spain (X units), Italy (X units), Belgium (X units) and Poland (X units) represented the main importers of fork-lift trucks, together mixing up 78% of total imports. The Czech Republic (X units), Denmark (X units), Sweden (X units), Romania (X units) and Hungary (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fork-lift truck importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 41% share of total imports. Italy, Belgium, Poland, Spain, the Czech Republic, Sweden, Denmark, Hungary and Romania lagged somewhat behind, together accounting for a further 46%.

Romania, with a CAGR of +12.3%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per unit, declining by -5% against the previous year. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 8.2% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while Spain ($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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