Hong Kong SAR, China: 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 Hong Kong SAR, China

The Hong Kong self-propelled non-electric fork-lift truck market shrank sharply to $X in 2022, with a decrease of -29.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a mild curtailment. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

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

Exports from Hong Kong SAR, China

In 2022, overseas shipments of self-propelled fork-lift trucks with non-electric motor increased by 64% to X units for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated moderate growth from 2012 to 2022: its volume 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, exports decreased by -29.9% against 2019 indices. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck exports soared to $X in 2022. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 52% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units), the United Arab Emirates (X units) and Italy (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Hong Kong SAR, with a combined 87% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +15.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled non-electric fork-lift truck exported from Hong Kong SAR were Malaysia ($X), the United Arab Emirates ($X) and Italy ($X), together comprising 86% of total exports.

Malaysia, with a CAGR of +28.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, falling by -21.9% against the previous year. In general, the export price saw a slight descent. The growth pace was the most rapid in 2021 when the average export price increased by 66% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Bulgaria ($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 Malaysia (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Hong Kong SAR, China

In 2022, self-propelled non-electric fork-lift truck imports into Hong Kong SAR reduced markedly to X units, waning by -28.4% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 91%. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, self-propelled non-electric fork-lift truck imports fell to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X units), China (X units) and Malaysia (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Hong Kong SAR, together accounting for 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +3.1%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X), China ($X) and Malaysia ($X) were the largest self-propelled non-electric fork-lift truck suppliers to Hong Kong SAR, with a combined 100% share of total imports.

Japan, with a CAGR of +5.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, increasing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 an increase of 47%. The import price peaked at $X per unit in 2019; however, from 2020 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 China ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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