Jordan: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2025

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Jordan

In 2022, the Jordanian market for fork-lift trucks and other industrial works trucks and tractors increased by 27% to $X, rising for the third year in a row after three years of decline. Overall, consumption showed a prominent increase. Consumption of peaked in 2022 and is likely to continue growth in the near future.

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports from Jordan

After three years of growth, shipments abroad of fork-lift trucks and other industrial works trucks and tractors decreased by -25.5% to X units in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 331% against the previous year. As a result, the exports attained the peak of X units, and then contracted markedly in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors contracted slightly to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 120% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X units) was the main destination for exports of fork-lift trucks and other industrial works trucks and tractors from Jordan, with a 25% share of total exports. It was followed by France (X units), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Free Zones totaled +35.6%.

In value terms, Free Zones ($X) remains the key foreign market for fork-lift trucks and other industrial works trucks and tractors exports from Jordan, comprising 47% of total exports. The second position in the ranking was taken by France ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones amounted to +1.0%.

Export Prices by Country

The average export price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, increasing by 32% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 426% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to France amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.9%), while the prices for the other major destinations experienced a decline.

Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports into Jordan

In 2022, overseas purchases of fork-lift trucks and other industrial works trucks and tractors increased by 24% to X units, rising for the third year in a row after three years of decline. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 237% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors soared to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of forklift truck and industrial works truck to Jordan, with a 30% share of total imports. Moreover, imports of fork-lift trucks and other industrial works trucks and tractors from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Kuwait (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+53.4% per year) and Kuwait (+97.3% per year).

In value terms, China ($X) constituted the largest supplier of fork-lift trucks and other industrial works trucks and tractors to Jordan, comprising 32% of total imports. The second position in the ranking was taken by Japan ($X), with a 6.9% share of total imports. It was followed by the United States, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.6% per year) and the United States (+2.8% per year).

Import Prices by Country

The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, almost unchanged from the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 77% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+376.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform