Global Non-Self-Propelled Fork-Lift Truck Market 2025

Non-Self-Propelled Fork-Lift Truck Market Size

The global non-self-propelled fork-lift truck market reduced modestly to $X in 2022, flattening at the previous year. In general, consumption enjoyed perceptible growth. Over the period under review, the global market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Production

In value terms, non-self-propelled fork-lift truck production rose to $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, global production growth failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports

In 2022, overseas shipments of non-self-propelled fork-lift trucks increased by 4.2% to X units, rising for the second year in a row after two years of decline. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, non-self-propelled fork-lift truck exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X units, which was near 58% of total exports in 2022. Vietnam (X units) ranks second in terms of the total exports with a 9.7% share, followed by Sweden (5.4%). The following exporters - Malaysia (X units), Italy (X units), the Netherlands (X units), the UK (X units), Germany (X units) and France (X units) - together made up 18% of total exports.

Exports from China increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, Vietnam (+85.7%), Malaysia (+60.0%), the UK (+13.6%), the Netherlands (+9.1%), France (+9.0%), Italy (+4.6%) and Germany (+1.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +85.7% from 2012-2022. Sweden experienced a relatively flat trend pattern. While the share of Vietnam (+9.7 p.p.), Malaysia (+3.9 p.p.) and the UK (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Sweden (-3 p.p.) and China (-9.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-self-propelled fork-lift truck supplier worldwide, comprising 39% of global exports. The second position in the ranking was taken by Italy ($X), with a 9.1% share of global exports. It was followed by Germany, with a 4% share.

In China, non-self-propelled fork-lift truck exports increased at an average annual rate of +6.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+8.8% per year) and Germany (+4.6% per year).

Export Prices by Country

The average non-self-propelled fork-lift truck export price stood at $X per unit in 2022, increasing by 13% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 15%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the other global leaders experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports

In 2022, purchases abroad of non-self-propelled fork-lift trucks increased by 22% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 389%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck imports soared to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units), followed by Germany (X units), the UK (X units), France (X units) and Canada (X units) represented the major importers of non-self-propelled fork-lift trucks, together achieving 43% of total imports. The Netherlands (X units), India (X units), Spain (X units), Poland (X units), Italy (X units), Belgium (X units), South Africa (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +25.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-self-propelled fork-lift truck importing markets worldwide were the United States ($X), Canada ($X) and Germany ($X), with a combined 31% share of global imports. France, India, the Netherlands, the UK, Spain, Vietnam, Belgium, Italy, Poland and South Africa lagged somewhat behind, together accounting for a further 26%.

The Netherlands, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, which is down by -5.4% against the previous year. Over the period under review, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 370%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the UK ($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 Netherlands (+6.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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