Scandinavia: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in Scandinavia

The Scandinavia fork-lift truck market stood at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Fork-Lift Truck Production in Scandinavia

In value terms, fork-lift truck production expanded significantly to $X in 2022 estimated in export price. Overall, production recorded a pronounced reduction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fork-Lift Truck Exports

Exports in Scandinavia

In 2022, the amount of fork-lift trucks exported in Scandinavia shrank sharply to X units, declining by -22.1% compared with 2021 figures. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, the exports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, fork-lift truck exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden prevails in exports structure, recording X units, which was near 96% of total exports in 2022. Finland (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fork-lift truck exports from Sweden stood at +1.8%. At the same time, Finland (+6.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +6.4% from 2012-2022. From 2012 to 2022, the share of Sweden decreased by -1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest fork-lift truck supplier in Scandinavia, comprising 84% of total exports. The second position in the ranking was held by Finland ($X), with a 14% share of total exports.

In Sweden, fork-lift truck exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, increasing by 22% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 25%. As a result, the export price reached the peak level of $X per unit. From 2018 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 Finland ($X per unit), while Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.7%).

Fork-Lift Truck Imports

Imports in Scandinavia

For the third year in a row, Scandinavia recorded growth in supplies from abroad of fork-lift trucks, which increased by 4.2% to X units in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 30%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fork-lift truck imports rose to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 23%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Sweden represented the major importing country with an import of around X units, which accounted for 56% of total imports. Norway (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together took near 44% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of +3.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest fork-lift truck importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Sweden, with a CAGR of +2.2%, 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

In 2022, the import price in Scandinavia amounted to $X per unit, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 when the import price increased by 37% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform