Switzerland: Fork-Lift Truck Market 2024

Fork-Lift Truck Market Size in Switzerland

The Swiss fork-lift truck market totaled $X in 2022, remaining constant 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). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Fork-Lift Truck Exports

Exports from Switzerland

Fork-lift truck exports from Switzerland reduced slightly to X units in 2022, with a decrease of -1.5% on the previous year. Over the period under review, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, fork-lift truck exports reduced notably to $X in 2022. In general, exports showed a pronounced slump. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for fork-lift truck exports from Switzerland, with a 28% share of total exports. Moreover, fork-lift truck exports to Germany exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), twofold. The third position in this ranking was taken by Serbia (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+32.8% per year) and Serbia (+10.1% per year).

In value terms, Germany ($X) remains the key foreign market for fork-lift trucks exports from Switzerland, comprising 40% of total exports. The second position in the ranking was taken by France ($X), with an 8.8% share of total exports. It was followed by Italy, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.1% per year) and Italy (-0.4% per year).

Export Prices by Country

In 2022, the average fork-lift truck export price amounted to $X per unit, dropping by -22.6% against the previous year. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Bulgaria ($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 the UK (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports into Switzerland

Fork-lift truck imports into Switzerland shrank to X units in 2022, reducing by -11.6% compared with the year before. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 18%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, fork-lift truck imports expanded sharply to $X in 2022. Overall, imports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2017 when imports increased by 10% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest fork-lift truck supplier to Switzerland, with a 48% share of total imports. Moreover, fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Italy (+5.3% per year).

In value terms, Germany ($X) constituted the largest supplier of fork-lift trucks to Switzerland, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.1% per year) and China (+7.1% per year).

Import Prices by Country

The average fork-lift truck import price stood at $X per unit in 2022, jumping by 19% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. 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 France ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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