Norway: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Norway

The Norwegian self-propelled non-electric fork-lift truck market declined significantly to $X in 2022, reducing by -20.3% 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 recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Norway

For the third year in a row, Norway recorded growth in shipments abroad of self-propelled fork-lift trucks with non-electric motor, which increased by 25% to X units in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 168% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck exports soared to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +80.7% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 51%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X units), Denmark (X units) and Finland (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Norway, together accounting for 63% of total exports. Poland, Iceland, Sweden, Germany, Lithuania, Belgium, Estonia, the Czech Republic and Latvia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +46.8%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the Netherlands ($X) and Sweden ($X) constituted the largest markets for self-propelled non-electric fork-lift truck exported from Norway worldwide, with a combined 70% share of total exports. Poland, Finland, Iceland, Germany, Belgium, Lithuania, Estonia, the Czech Republic and Latvia lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, Latvia, with a CAGR of +56.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, growing by 1.8% against the previous year. In general, the export price, however, showed a noticeable decrease. The growth pace was the most rapid in 2019 an increase of 30% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 Sweden ($X per unit), while the average price for exports to Latvia ($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 Lithuania (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Norway

In 2022, the amount of self-propelled fork-lift trucks with non-electric motor imported into Norway shrank markedly to X units, waning by -25.1% on the previous year. Overall, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 50% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck imports expanded sharply to $X in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Sweden (X units) and France (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Norway, together comprising 56% of total imports. Poland, Germany, Italy, South Korea, Denmark, the Netherlands, the UK and Japan lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +55.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled non-electric fork-lift truck suppliers to Norway were France ($X), Italy ($X) and Germany ($X), with a combined 49% share of total imports. Sweden, Poland, China, South Korea, Denmark, the UK, the Netherlands and Japan lagged somewhat behind, together accounting for a further 40%.

Poland, with a CAGR of +55.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, picking up by 46% against the previous year. Overall, the import price, however, recorded a slight descent. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per unit), while the price for China ($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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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