Turkey: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2025

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Turkey

In 2022, the Turkish self-propelled non-electric fork-lift truck market increased by 29% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption enjoyed a noticeable increase. Self-propelled non-electric fork-lift truck consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, self-propelled non-electric fork-lift truck production totaled $X in 2022 estimated in export price. Overall, production recorded a significant increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 91% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from Turkey

Self-propelled non-electric fork-lift truck exports from Turkey skyrocketed to X units in 2022, picking up by 15% compared with the previous year's figure. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, self-propelled non-electric fork-lift truck exports surged to $X in 2022. In general, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ethiopia (X units), Azerbaijan (X units) and Russia (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Turkey, with a combined 46% share of total exports. Bulgaria, Turkmenistan, Georgia, Iran, China, the Netherlands, Nigeria, Iraq and Libya lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +44.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from Turkey, comprising 38% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 7.3% share of total exports. It was followed by Ethiopia, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+2.7% per year) and Ethiopia (+12.8% per year).

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, with an increase of 59% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Bulgaria ($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 China (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Turkey

In 2022, overseas purchases of self-propelled fork-lift trucks with non-electric motor increased by 26% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 211%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, self-propelled non-electric fork-lift truck imports soared to $X in 2022. In general, imports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2020 with an increase of 124% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of self-propelled non-electric fork-lift truck to Turkey, with a 62% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. South Korea (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.1% per year) and South Korea (+3.5% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled fork-lift trucks with non-electric motor to Turkey, comprising 37% of total imports. The second position in the ranking was held by the UK ($X), with a 15% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.2% per year) and South Korea (+4.8% per year).

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 5.3% against the previous year. In general, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in 2019 an increase of 19%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($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 UK (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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