Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American self-propelled non-electric fork-lift truck market skyrocketed to $X in 2022, rising by 49% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Latin America and the Caribbean

In value terms, self-propelled non-electric fork-lift truck production soared to $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 280% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in Latin America and the Caribbean

In 2022, shipments abroad of self-propelled fork-lift trucks with non-electric motor increased by 70% to X units, rising for the second year in a row after three years of decline. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 438% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico represented the largest exporter of self-propelled fork-lift trucks with non-electric motor in Latin America and the Caribbean, with the volume of exports resulting at X units, which was near 65% of total exports in 2022. It was distantly followed by Brazil (X units), comprising a 26% share of total exports. Chile (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to self-propelled non-electric fork-lift truck exports from Mexico stood at +6.3%. At the same time, Brazil (+11.3%) and Chile (+6.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +11.3% from 2012-2022. From 2012 to 2022, the share of Brazil increased by +9.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest self-propelled non-electric fork-lift truck supplier in Latin America and the Caribbean, comprising 74% of total exports. The second position in the ranking was held by Brazil ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to +21.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+14.2% per year) and Chile (+4.9% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, picking up by 37% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by 584%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.0%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Latin America and the Caribbean

In 2022, purchases abroad of self-propelled fork-lift trucks with non-electric motor increased by 63% to X units, rising for the second year in a row after six years of decline. In general, imports, however, recorded a deep reduction. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2013; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Mexico (X units), Brazil (X units) and Argentina (X units) was the key importer of self-propelled fork-lift trucks with non-electric motor in Latin America and the Caribbean, creating 75% of total import. It was distantly followed by Chile (X units), constituting a 12% share of total imports. The following importers - Peru (X units), Uruguay (X units) and Colombia (X units) - together made up 6.2% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Argentina (with a CAGR of +9.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled non-electric fork-lift truck importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), together comprising 71% of total imports.

Argentina, with a CAGR of +7.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, which is down by -12.5% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 46% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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