Turkey - Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 14, 2024

Turkey - Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends And Insights

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Fork-Lift Truck Price in Turkey - 2023

Contents:

  1. Fork-Lift Truck Price in Turkey (CIF) - 2023
  2. Fork-Lift Truck Price in Turkey (FOB) - 2022
  3. Fork-Lift Truck Imports in Turkey
  4. Fork-Lift Truck Exports in Turkey

Fork-Lift Truck Price in Turkey (CIF) - 2023

In July 2023, the average fork-lift truck import price amounted to $4,564 per unit, approximately mirroring the previous month. Over the period under review, the import price showed a noticeable increase. The most prominent rate of growth was recorded in October 2022 an increase of 188% m-o-m. Over the period under review, average import prices attained the maximum at $11,458 per unit in December 2022; afterwards, it flattened through to July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($33,750 per unit), while the price for China ($1,489 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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Fork-Lift Truck Price in Turkey (FOB) - 2022

The average fork-lift truck export price stood at $1,543 per unit in 2022, jumping by 76% against the previous year. Over the period under review, the export price showed a noticeable increase. Over the period under review, the average export prices hit record highs at $2,433 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2,152 per unit), while the average price for exports to Bulgaria ($220 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 Italy (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports in Turkey

After three years of growth, purchases abroad of fork-lift trucks decreased by -0.3% to 92K units in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of 92K units, leveling off in the following year.

In value terms, fork-lift truck imports soared to $449M in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 70% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Import of Fork-Lift Truck in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany52.982.511316646.4%
China23.050.585.211470.5%
Italy15.212.725.121.311.9%
Others35.569.711214860.9%
Total12721533544952.3%

Top Suppliers of Fork-Lift Truck to Turkey in 2022:

  1. China (75.8K units)
  2. Germany (7.3K units)
  3. Italy (1.7K units)

Fork-Lift Truck Exports in Turkey

In 2022, shipments abroad of fork-lift trucks decreased by -10.6% to 22K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at 25K units in 2021, and then dropped in the following year.

In value terms, fork-lift truck exports soared to $34M in 2022. Overall, exports, however, continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fork-Lift Truck in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Azerbaijan2,4142,0352,0402,257-2.2%
Iraq2,3601,6961,1531,775-9.1%
United Kingdom1,1751,0068801,078-2.8%
Italy1,740132115959-18.0%
Bulgaria34621524365423.6%
Israel3994201,25857813.1%
Uzbekistan870527734548-14.3%
Germany1,180621475516-24.1%
Cyprus714217550403-17.4%
Romania2981264073333.8%
Egypt576614366331-16.9%
Hungary70.771.412929761.4%
Bosnia and Herzegovina26.7201226219101.7%
Others16,3519,53413,10224,11513.8%
Total28,52017,41621,67934,0636.1%

Top Export Markets for Fork-Lift Truck from Turkey in 2022:

  1. Bulgaria (3.0K units)
  2. Israel (2.0K units)
  3. Iraq (1.9K units)
  4. Azerbaijan (1.2K units)
  5. Germany (1.1K units)
  6. Hungary (1.1K units)
  7. Egypt (0.8K units)
  8. Bosnia and Herzegovina (0.8K units)
  9. Italy (0.7K units)
  10. Romania (0.6K units)
  11. Uzbekistan (0.5K units)
  12. United Kingdom (0.5K units)
  13. Cyprus (0.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fork-lift truck market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28221513 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height . 1 m
  • Prodcom 28221515 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height < 1 m
  • Prodcom 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor
  • Prodcom 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)

Country coverage:

  • Turkey

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Turkey
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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