Jordan: 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 Jordan

The Jordanian self-propelled non-electric fork-lift truck market skyrocketed to $X in 2022, rising by 60% 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 saw measured growth. Self-propelled non-electric fork-lift truck consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

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

Exports from Jordan

In 2022, overseas shipments of self-propelled fork-lift trucks with non-electric motor decreased by -58.3% to X units, falling for the second year in a row after two years of growth. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 139% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck exports fell markedly to $X in 2022. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 83% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X units) was the main destination for self-propelled non-electric fork-lift truck exports from Jordan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Free Zones amounted to -16.7%.

In value terms, Free Zones ($X) also remains the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from Jordan.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones amounted to -14.3%.

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, growing by 18% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled non-electric fork-lift truck export price increased by +74.9% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 25% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +2.8% per year.

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

Imports into Jordan

In 2022, purchases abroad of self-propelled fork-lift trucks with non-electric motor was finally on the rise to reach X units after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck imports soared to $X in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 51%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Japan (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Jordan, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled non-electric fork-lift truck suppliers to Jordan were China ($X), Germany ($X) and Japan ($X), with a combined 86% share of total imports.

Among the main suppliers, Germany, with a CAGR of +28.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per unit) and South Korea ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform