Middle East: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in the Middle East

The Middle Eastern non-self-propelled fork-lift truck market rose modestly to $X in 2022, increasing by 4.9% against the previous year. Overall, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Non-Self-Propelled Fork-Lift Truck Production in the Middle East

In value terms, non-self-propelled fork-lift truck production reached $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 105% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in the Middle East

After two years of growth, overseas shipments of non-self-propelled fork-lift trucks decreased by -12.8% to X units in 2022. Over the period under review, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 161% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-self-propelled fork-lift truck exports expanded slightly to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 358%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, resulting at X units, which was near 93% of total exports in 2022. The United Arab Emirates (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck exports from Turkey stood at +5.3%. At the same time, the United Arab Emirates (+7.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +7.1% from 2012-2022. From 2012 to 2022, the share of Turkey decreased by -1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-self-propelled fork-lift truck supplier in the Middle East, comprising 72% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +9.2%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, surging by 20% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 75% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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 the United Arab Emirates ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%).

Non-Self-Propelled Fork-Lift Truck Imports

Imports in the Middle East

In 2022, overseas purchases of non-self-propelled fork-lift trucks increased by 25% to X units, rising for the third year in a row after three years of decline. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 32%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, non-self-propelled fork-lift truck imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible shrinkage. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) and the United Arab Emirates (X units) were the key importers of non-self-propelled fork-lift trucks in the Middle East, together finishing at near 67% of total imports. Qatar (X units) ranks next in terms of the total imports with a 15% share, followed by Iraq (5.1%). Iran (X units), Israel (X units) and Jordan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-self-propelled fork-lift truck importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), together accounting for 67% of total imports.

Among the main importing countries, Israel, with a CAGR of +21.7%, 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

In 2022, the import price in the Middle East amounted to $X per unit, falling by -5.2% against the previous year. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 33% against the previous year. The level of import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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