Tunisia: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Tunisia

After two years of growth, the Tunisian market for fork-lift trucks and other industrial works trucks and tractors decreased by -25.4% to $X in 2022. Overall, consumption, however, continues to indicate a mild increase. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports from Tunisia

In 2022, after four years of growth, there was significant decline in shipments abroad of fork-lift trucks and other industrial works trucks and tractors, when their volume decreased by -36% to X units. In general, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 327% against the previous year. As a result, the exports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors reached $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 154% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for exports of fork-lift trucks and other industrial works trucks and tractors from Tunisia, accounting for a 77% share of total exports. Moreover, exports of fork-lift trucks and other industrial works trucks and tractors to France exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), eightfold. Libya (X units) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+56.8% per year) and Libya (+1.1% per year).

In value terms, the largest markets for forklift truck and industrial works truck exported from Tunisia were Libya ($X), France ($X) and Germany ($X), with a combined 48% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +54.4%, recorded the highest rates of growth with regard to the value of exports, 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 export price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, growing by 57% against the previous year. In general, the export price, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 204% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per unit), while the average price for exports to France ($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 Netherlands (+61.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports into Tunisia

In 2022, purchases abroad of fork-lift trucks and other industrial works trucks and tractors decreased by -31.7% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2021 when imports increased by 184%. As a result, imports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors rose modestly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Belgium (X units) were the main suppliers of imports of fork-lift trucks and other industrial works trucks and tractors to Tunisia, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of fork-lift trucks and other industrial works trucks and tractors to Tunisia, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and Italy (-3.9% per year).

Import Prices by Country

In 2022, the average import price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, surging by 51% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Belgium ($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 United Arab Emirates (+96.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform