Russian Federation: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in the Russian Federation

The Russian non-self-propelled fork-lift truck market declined modestly to $X in 2022, which is down by -2.4% 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). In general, consumption faced a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from the Russian Federation

In 2022, after two years of growth, there was significant decline in shipments abroad of non-self-propelled fork-lift trucks, when their volume decreased by -30.9% to X units. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 163%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted markedly in the following year.

In value terms, non-self-propelled fork-lift truck exports shrank markedly to $X in 2022. In general, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2014 with an increase of 230%. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Bangladesh (X units) were the main destinations of non-self-propelled fork-lift truck exports from Russia, with a combined 88% share of total exports. Ukraine and Guinea lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of +112.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-self-propelled fork-lift truck exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 95% share of total exports. Bangladesh and Guinea lagged somewhat behind, together accounting for a further 5.2%.

Guinea, with a CAGR of +80.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 non-self-propelled fork-lift truck export price amounted to $X per unit, with an increase of 6.4% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 an increase of 33% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Bangladesh ($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 Kazakhstan (+3.1%), while the prices for the other major destinations experienced a decline.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into the Russian Federation

Non-self-propelled fork-lift truck imports into Russia fell to X units in 2022, dropping by -3.8% on the year before. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 133% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck imports declined to $X in 2022. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2019 when imports increased by 182%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main non-self-propelled fork-lift truck supplier to Russia, with a 96% share of total imports. It was followed by France (X units), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-25.0% per year) and Belarus (-43.5% per year).

In value terms, China ($X) constituted the largest supplier of non-self-propelled fork-lift trucks to Russia, comprising 86% of total imports. The second position in the ranking was held by France ($X), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-21.4% per year) and Belarus (-38.3% per year).

Import Prices by Country

In 2022, the average non-self-propelled fork-lift truck import price amounted to $X per unit, which is down by -2.6% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-self-propelled fork-lift truck import price increased by +48.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 37%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then dropped 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 ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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