Indonesia: Non-Self-Propelled Fork-Lift Truck Market 2025

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

The Indonesian non-self-propelled fork-lift truck market surged to $X in 2022, picking up by 26% 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). Overall, consumption posted tangible growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Indonesia

In 2022, shipments abroad of non-self-propelled fork-lift trucks decreased by -5.9% to X units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 152%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck exports contracted to $X in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 124%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Timor-Leste (X units) and Venezuela (X units) were the main destinations of non-self-propelled fork-lift truck exports from Indonesia, with a combined 78% 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 Venezuela (with a CAGR of +61.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-self-propelled fork-lift truck exported from Indonesia were the United Arab Emirates ($X), Timor-Leste ($X) and Singapore ($X), with a combined 84% share of total exports. Venezuela, Papua New Guinea, Spain and the Philippines lagged somewhat behind, together comprising a further 9.7%.

Among the main countries of destination, Venezuela, with a CAGR of +65.7%, saw 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 average non-self-propelled fork-lift truck export price stood at $X per unit in 2022, waning by -3.3% against the previous year. Over the period under review, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 93%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Spain ($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 Singapore (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Indonesia

In 2022, approx. X units of non-self-propelled fork-lift trucks were imported into Indonesia; with an increase of 34% against the year before. Overall, imports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 92%. 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 dropped to $X in 2022. Over the period under review, imports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 98%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-self-propelled fork-lift truck supplier to Indonesia, with a 90% share of total imports. Moreover, non-self-propelled fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +1.9%.

In value terms, China ($X) constituted the largest supplier of non-self-propelled fork-lift trucks to Indonesia, comprising 64% of total imports. The second position in the ranking was taken by Singapore ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, waning by -31.7% against the previous year. In general, the import price saw a abrupt descent. The growth pace was the most rapid in 2021 when the average import price increased by 65% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Singapore ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.6%).

Source: IndexBox Platform

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