Fork-Lift Truck Price in Vietnam - 2021
Contents:
- Fork-Lift Truck Price in Vietnam (CIF) - 2021
- Fork-Lift Truck Price in Vietnam (FOB) - 2021
- Fork-Lift Truck Imports in Vietnam
- Fork-Lift Truck Exports in Vietnam
Fork-Lift Truck Price in Vietnam (CIF) - 2021
In December 2021, the average fork-lift truck import price amounted to $4,617 per unit, declining by -16.7% against the previous month. Overall, import price indicated a notable increase from December 2020 to December 2021: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, fork-lift truck import price decreased by -24.2% against October 2021 indices. The pace of growth appeared the most rapid in February 2021 when the average import price increased by 54% month-to-month. As a result, import price reached the peak level of $6,205 per unit; afterwards, it flattened through to December 2021.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($27,160 per unit), while the price for Italy ($1,018 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Sweden (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Fork-Lift Truck Price in Vietnam (FOB) - 2021
The average fork-lift truck export price stood at $3,103 per unit in December 2021, rising by 32% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2021 an increase of 47% m-o-m. The export price peaked at $3,510 per unit in September 2021; afterwards, it flattened through to December 2021.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($31,527 per unit), while the average price for exports to the Netherlands ($1,346 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.
Fork-Lift Truck Imports in Vietnam
In 2022, imports of fork-lift trucks into Vietnam surged to 76K units, jumping by 33% on the previous year's figure. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fork-lift truck imports reduced to $196M in 2022. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Imports peaked at $216M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Fork-Lift Truck in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 74.0 | 66.9 | 87.8 | 80.3 | 2.8% |
| Japan | 66.9 | 62.8 | 72.7 | 76.5 | 4.6% |
| Poland | 0.3 | 2.9 | 3.7 | 4.2 | 141.0% |
| Others | 74.8 | 50.2 | 44.1 | 34.6 | -22.7% |
| Total | 216 | 183 | 208 | 196 | -3.2% |
Top Suppliers of Fork-Lift Truck to Vietnam in 2022:
- China (62.7K units)
- Poland (7.1K units)
- Japan (2.6K units)
Fork-Lift Truck Exports in Vietnam
After three years of growth, overseas shipments of fork-lift trucks decreased by -5.7% to 409K units in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 68%. Over the period under review, the exports attained the maximum at 434K units in 2021, and then reduced in the following year.
In value terms, fork-lift truck exports declined significantly to $68M in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 58% against the previous year. As a result, the exports reached the peak of $84M, and then plummeted in the following year.
| Export of Fork-Lift Truck in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.3 | 14.2 | 28.1 | 20.3 | 40.6% |
| Germany | 6.7 | 6.2 | 9.6 | 10.0 | 14.3% |
| Belgium | 0.8 | 1.4 | 2.2 | 4.0 | 71.0% |
| Spain | 1.6 | 2.1 | 3.3 | 2.8 | 20.5% |
| Poland | 1.9 | 2.3 | 2.5 | 2.7 | 12.4% |
| Italy | 1.0 | 1.7 | 2.1 | 2.2 | 30.1% |
| France | 1.8 | 2.1 | 3.6 | 2.0 | 3.6% |
| Netherlands | 2.7 | 3.9 | 4.7 | 1.8 | -12.6% |
| Bulgaria | 0.7 | 1.2 | 1.7 | 1.8 | 37.0% |
| Sweden | 1.1 | 1.7 | 1.9 | 1.4 | 8.4% |
| United Kingdom | 2.5 | 3.0 | 2.5 | 1.2 | -21.7% |
| Romania | 0.7 | 0.8 | 0.9 | 1.0 | 12.6% |
| Others | 9.2 | 12.5 | 20.7 | 17.1 | 23.0% |
| Total | 38.1 | 53.1 | 83.8 | 68.5 | 21.6% |
Top Export Markets for Fork-Lift Truck from Vietnam in 2022:
- Germany (114.7K units)
- Belgium (45.3K units)
- Italy (31.3K units)
- Poland (30.5K units)
- Spain (29.4K units)
- France (25.8K units)
- Bulgaria (22.1K units)
- Netherlands (20.3K units)
- Sweden (15.5K units)
- Romania (12.1K units)
- United Kingdom (11.2K units)
- United States (8.3K units)
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