GCC: 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 GCC

The GCC self-propelled non-electric fork-lift truck market skyrocketed to $X in 2022, picking up by 18% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -14.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, self-propelled non-electric fork-lift truck production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 when the production volume increased by 349%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports in GCC

In 2022, overseas shipments of self-propelled fork-lift trucks with non-electric motor increased by 16% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 184% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; afterwards, it flattened through to 2022.

In value terms, self-propelled non-electric fork-lift truck exports fell remarkably to $X in 2022. Overall, exports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 116%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of about X units, which reached 58% of total exports. Kuwait (X units) ranks second in terms of the total exports with a 19% share, followed by Oman (14%) and Bahrain (8.9%).

Exports from the United Arab Emirates increased at an average annual rate of +15.1% from 2012 to 2022. At the same time, Kuwait (+32.2%), Bahrain (+32.2%) and Oman (+28.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +32.2% from 2012-2022. Kuwait (+14 p.p.), Oman (+8.9 p.p.) and Bahrain (+6.6 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -2.9% from 2012 to 2022, respectively.

In value terms, the largest self-propelled non-electric fork-lift truck supplying countries in GCC were the United Arab Emirates ($X), Kuwait ($X) and Bahrain ($X), with a combined 84% share of total exports.

In terms of the main exporting countries, Kuwait, with a CAGR of +65.3%, 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

The export price in GCC stood at $X per unit in 2022, with a decrease of -27.5% against the previous year. Overall, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 53%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+25.0%), 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 GCC

In 2022, the amount of self-propelled fork-lift trucks with non-electric motor imported in GCC contracted modestly to X units, therefore, remained relatively stable against 2021. In general, imports showed a slight contraction. The pace of growth was the most pronounced in 2014 with an increase of 31% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck imports declined modestly to $X in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 24% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X units, which reached 68% of total imports. Qatar (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Oman (7.3%) and Kuwait (5.4%). Bahrain (X units) took a relatively small share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of self-propelled fork-lift trucks with non-electric motor. Qatar experienced a relatively flat trend pattern. Kuwait (-1.4%), Bahrain (-5.0%) and Oman (-6.1%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+5.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (-1.6 p.p.) and Oman (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported self-propelled fork-lift trucks with non-electric motor in GCC, comprising 37% of total imports. The second position in the ranking was taken by Qatar ($X), with a 16% share of total imports. It was followed by Oman, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to -2.6%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+3.2% per year) and Oman (-8.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, shrinking by -2.3% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2020 when the import price increased by 14%. Over the period under review, import prices hit record highs 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 Qatar ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform