Middle East: 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 the Middle East

The Middle Eastern self-propelled non-electric fork-lift truck market skyrocketed to $X in 2022, growing by 20% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value 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, consumption decreased by -0.7% against 2020 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in the Middle East

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 saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 108% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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

Exports in the Middle East

In 2022, shipments abroad of self-propelled fork-lift trucks with non-electric motor increased by 14% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck exports skyrocketed to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly 75% of total exports in 2022. Kuwait (X units) ranks next in terms of the total exports with an 11% share, followed by Oman (8%) and Bahrain (5.1%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kuwait (with a CAGR of +32.2%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest self-propelled non-electric fork-lift truck supplier in the Middle East, comprising 61% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Kuwait, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +9.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-1.3% per year) and Kuwait (+65.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with an increase of 10% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when the export price increased by 20% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+25.0%), 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 the Middle East

In 2022, supplies from abroad of self-propelled fork-lift trucks with non-electric motor increased by 11% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck imports rose notably to $X in 2022. In general, imports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey represented the major importer of self-propelled fork-lift trucks with non-electric motor in the Middle East, with the volume of imports resulting at X units, which was approx. 48% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units), Israel (X units) and Iraq (X units), together achieving a 40% share of total imports. Qatar (X units), Oman (X units) and Iran (X units) took a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, Israel (+6.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +6.1% from 2012-2022. The United Arab Emirates and Qatar experienced a relatively flat trend pattern. By contrast, Iraq (-4.5%), Oman (-6.1%) and Iran (-7.0%) illustrated a downward trend over the same period. Turkey (+14 p.p.) and Israel (+5 p.p.) significantly strengthened its position in terms of the total imports, while Oman, Iran, the United Arab Emirates and Iraq saw its share reduced by -2.6%, -2.7%, -4.7% and -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Israel, with a CAGR of +5.1%, recorded 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 import price in the Middle East stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when the import price increased by 5.5%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained 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 Qatar ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :