Report Update Nov 1, 2024

Southern Asia - Non-Self-Propelled Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Southern Asia

In 2022, the South Asian non-self-propelled fork-lift truck market increased by 2.5% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Non-Self-Propelled Fork-Lift Truck Production in Southern Asia

In value terms, non-self-propelled fork-lift truck production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in Southern Asia

In 2022, approx. X units of non-self-propelled fork-lift trucks were exported in Southern Asia; with an increase of 253% compared with 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-self-propelled fork-lift truck exports soared to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X units) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the non-self-propelled fork-lift trucks exports, with a CAGR of +44.1% from 2012 to 2022. From 2012 to 2022, the share of India increased by +11 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +21.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, declining by -27.3% against the previous year. In general, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by 54% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -15.5% per year.

Non-Self-Propelled Fork-Lift Truck Imports

Imports in Southern Asia

In 2022, approx. X units of non-self-propelled fork-lift trucks were imported in Southern Asia; rising by 38% on the previous year. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 87%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, non-self-propelled fork-lift truck imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 81% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India dominates imports structure, reaching X units, which was near 93% of total imports in 2022. It was distantly followed by Bangladesh (X units), mixing up a 5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck imports into India stood at +25.6%. At the same time, Bangladesh (+48.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +48.5% from 2012-2022. From 2012 to 2022, the share of India and Bangladesh increased by +9.7 and +4.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-self-propelled fork-lift trucks in Southern Asia, comprising 92% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 3.6% share of total imports.

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

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, declining by -15.1% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 43%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Bangladesh amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-19.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-self-propelled fork-lift trucks in Southern Asia?

The countries with the highest volumes of in 2021 were India and Pakistan.

What are the largest producers of non-self-propelled fork-lift trucks in Southern Asia?

The countries with the highest volumes of in 2021 were India and Pakistan.

What are the leading exporters of non-self-propelled fork-lift trucks in Southern Asia?

In value terms, India remains the largest non-self-propelled fork-lift truck supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was occupied by Pakistan, with a 3.7% share of total exports.

What are the leading importers of non-self-propelled fork-lift trucks in Southern Asia?

In value terms, India constitutes the largest market for imported non-self-propelled fork-lift trucks in Southern Asia, comprising 88% of total imports. The second position in the ranking was occupied by Sri Lanka, with a 2.9% share of total imports.

What is the average export price for non-self-propelled fork-lift trucks in Southern Asia?

In 2021, the export price in Southern Asia amounted to $703 per unit, flattening at the previous year.

What is the average import price for non-self-propelled fork-lift trucks in Southern Asia?

The import price in Southern Asia stood at $472 per unit in 2021, with a decrease of -32.2% against the previous year.

This report provides an in-depth analysis of the non-self-propelled fork-lift truck market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)

Country coverage:

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023