Luxembourg: 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 Luxembourg

In 2022, the Luxembourg self-propelled non-electric fork-lift truck market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.2% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Luxembourg

In value terms, self-propelled non-electric fork-lift truck production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep contraction. Self-propelled non-electric fork-lift truck production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from Luxembourg

In 2022, exports of self-propelled fork-lift trucks with non-electric motor from Luxembourg fell remarkably to X units, waning by -42.7% on 2021 figures. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 800% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck exports contracted significantly to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 1,235% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Romania (X units) was the main destination for self-propelled non-electric fork-lift truck exports from Luxembourg, with a 61% share of total exports. Moreover, self-propelled non-electric fork-lift truck exports to Romania exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was held by Belgium (X units), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled +259.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.8% per year) and Belgium (-13.5% per year).

In value terms, France ($X), Belgium ($X) and Romania ($X) were the largest markets for self-propelled non-electric fork-lift truck exported from Luxembourg worldwide, with a combined 87% share of total exports.

Romania, with a CAGR of +128.9%, 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 mixed trend patterns.

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, falling by -42% against the previous year. Overall, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 an increase of 56%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Romania ($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 Belgium (+12.5%), 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 Luxembourg

In 2022, supplies from abroad of self-propelled fork-lift trucks with non-electric motor increased by 59% to X units, rising for the second consecutive year after five years of decline. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 133%. Over the period under review, imports hit record highs 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 skyrocketed to $X in 2022. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 46%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Belgium (X units), the UK (X units) and France (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Luxembourg, with a combined 65% share of total imports. Germany, the Czech Republic, the Netherlands and Japan lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +39.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and the UK ($X) appeared to be the largest self-propelled non-electric fork-lift truck suppliers to Luxembourg, with a combined 67% share of total imports.

Among the main suppliers, the UK, with a CAGR of +36.8%, recorded the highest rates of growth with regard to 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

In 2022, the average self-propelled non-electric fork-lift truck import price amounted to $X per unit, waning by -10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 37%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then reduced in the following year.

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 France ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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