Greece: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in Greece

In 2022, the Greek fork-lift truck market decreased by -0.1% to $X, falling for the second consecutive year after five years of growth. Overall, consumption continues to indicate a buoyant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fork-Lift Truck Production in Greece

In value terms, fork-lift truck production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 6.4%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fork-Lift Truck Exports

Exports from Greece

In 2022, overseas shipments of fork-lift trucks were finally on the rise to reach X units after two years of decline. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fork-lift truck exports skyrocketed to $X in 2022. In general, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 234% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X units) was the main destination for fork-lift truck exports from Greece, with a 84% share of total exports. Moreover, fork-lift truck exports to Estonia exceeded the volume sent to the second major destination, Cyprus (X units), more than tenfold. Italy (X units) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+6.2% per year) and Italy (+37.3% per year).

In value terms, Cyprus ($X) remains the key foreign market for fork-lift trucks exports from Greece, comprising 43% of total exports. The second position in the ranking was taken by Albania ($X), with a 6.3% share of total exports. It was followed by Bulgaria, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+2.0% per year) and Bulgaria (-1.5% per year).

Export Prices by Country

In 2022, the average fork-lift truck export price amounted to $X per unit, shrinking by -85.6% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 117%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+112.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports into Greece

In 2022, approx. X units of fork-lift trucks were imported into Greece; surging by 12% compared with the previous year's figure. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, fork-lift truck imports rose significantly to $X in 2022. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 57%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of fork-lift truck imports to Greece, together accounting for 51% of total imports. Vietnam, France, the Netherlands, Belgium, Spain, Sweden, Malaysia and Japan lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +76.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of fork-lift trucks to Greece, comprising 33% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Sweden, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+33.3% per year) and Sweden (+9.6% per year).

Import Prices by Country

In 2022, the average fork-lift truck import price amounted to $X per unit, falling by -5.8% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fork-lift truck import price increased by +29.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Sweden ($X per unit), while the price for Vietnam ($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 (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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