Scandinavia: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Scandinavia

For the third year in a row, the Scandinavia non-self-propelled fork-lift truck market recorded growth in sales value, which increased by 21% to $X in 2022. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Non-Self-Propelled Fork-Lift Truck Production in Scandinavia

In value terms, non-self-propelled fork-lift truck production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 8.2%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in Scandinavia

In 2022, the amount of non-self-propelled fork-lift trucks exported in Scandinavia dropped significantly to X units, shrinking by -31.5% compared with 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, the exports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, non-self-propelled fork-lift truck exports reduced markedly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Sweden (X units) represented roughly 99% of total exports in 2022.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of non-self-propelled fork-lift trucks. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest non-self-propelled fork-lift truck supplier in Scandinavia.

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

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, increasing by 11% 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 when the export price increased by 21%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -0.4% per year.

Non-Self-Propelled Fork-Lift Truck Imports

Imports in Scandinavia

In 2022, approx. X units of non-self-propelled fork-lift trucks were imported in Scandinavia; with an increase of 4.8% on the previous year. Over the period under review, imports, however, continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. The volume of import peaked 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 skyrocketed to $X in 2022. In general, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) was the main importer of non-self-propelled fork-lift trucks, committing 61% of total imports. Norway (X units) ranks second in terms of the total imports with a 28% share, followed by Finland (11%).

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck imports into Sweden stood at -2.3%. At the same time, Norway (+2.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +2.7% from 2012-2022. By contrast, Finland (-1.5%) illustrated a downward trend over the same period. Norway (+8.7 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -8.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Among the main importing countries, Norway, with a CAGR of +3.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, growing by 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 86%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat 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 Norway (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform