Slovakia: 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 Slovakia

The Slovak self-propelled non-electric fork-lift truck market contracted remarkably to $X in 2022, dropping by -32.9% against the previous year. Over the period under review, consumption, however, posted measured growth. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Slovakia

In value terms, self-propelled non-electric fork-lift truck production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 when the production volume increased by 69%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in shipments abroad of self-propelled fork-lift trucks with non-electric motor, when their volume decreased by -71.3% to X units. In general, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 147% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck exports declined sharply to $X in 2022. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Ukraine (X units) and the Czech Republic (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Slovakia, together comprising 92% of total exports. Romania, Poland and Hungary lagged somewhat behind, together accounting for a further 7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled non-electric fork-lift truck exported from Slovakia were Hungary ($X), Ukraine ($X) and the Czech Republic ($X), with a combined 81% share of total exports. Germany, Romania and Poland lagged somewhat behind, together accounting for a further 16%.

Poland, with a CAGR of +23.4%, 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 self-propelled non-electric fork-lift truck export price amounted to $X per unit, increasing by 19% against the previous year. Overall, the export price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by 37%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Germany ($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 Hungary (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Slovakia

After two years of growth, supplies from abroad of self-propelled fork-lift trucks with non-electric motor decreased by -60% to X units in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 200% against the previous year. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, self-propelled non-electric fork-lift truck imports soared to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +144.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of self-propelled non-electric fork-lift truck to Slovakia, with a 35% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was held by France (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+64.7% per year) and France (+8.0% per year).

In value terms, France ($X), Ireland ($X) and Germany ($X) were the largest self-propelled non-electric fork-lift truck suppliers to Slovakia, with a combined 29% share of total imports. The Netherlands, the Czech Republic, China, Poland and the UK lagged somewhat behind, together comprising a further 22%.

Poland, with a CAGR of +52.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck import price amounted to $X per unit, with an increase of 302% against the previous year. Overall, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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