U.S.: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in the U.S.

After three years of decline, the U.S. non-self-propelled fork-lift truck market increased by 26% to $X in 2022. In general, consumption recorded buoyant growth. Non-self-propelled fork-lift truck consumption peaked in 2022 and is likely to see steady growth in the near future.

Non-Self-Propelled Fork-Lift Truck Production in the U.S.

In value terms, non-self-propelled fork-lift truck production amounted to $X in 2022. In general, production saw a prominent expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 297%. Non-self-propelled fork-lift truck production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from the U.S.

In 2022, shipments abroad of non-self-propelled fork-lift trucks increased by 6.4% to X units, rising for the second year in a row after five years of decline. In general, exports, however, faced a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 19%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck exports rose sharply to $X in 2022. Over the period under review, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for non-self-propelled fork-lift truck exports from the United States, with a 34% share of total exports. Moreover, non-self-propelled fork-lift truck exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was held by the UK (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.1% per year) and the UK (+32.0% per year).

In value terms, Canada ($X) remains the key foreign market for non-self-propelled fork-lift trucks exports from the United States, comprising 46% of total exports. The second position in the ranking was held by Mexico ($X), with an 11% share of total exports. It was followed by the UK, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.9% per year) and the UK (+29.4% per year).

Export Prices by Country

In 2022, the average non-self-propelled fork-lift truck export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Hong Kong SAR ($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 Japan (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into the U.S.

In 2022, supplies from abroad of non-self-propelled fork-lift trucks increased by 32% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +78.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck imports soared to $X in 2022. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 92%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main non-self-propelled fork-lift truck supplier to the United States, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.7%.

In value terms, China ($X) constituted the largest supplier of non-self-propelled fork-lift trucks to the United States.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.6%.

Import Prices by Country

In 2022, the average non-self-propelled fork-lift truck import price amounted to $X per unit, with an increase of 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 56%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.8% per year.

Source: IndexBox Platform

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