Australia: Fork-Lift Truck Market 2024

Fork-Lift Truck Market Size in Australia

In 2022, the Australian fork-lift truck market increased by X% to $X, rising for the fourth year in a row after six years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Fork-Lift Truck Production in Australia

In value terms, fork-lift truck production fell notably to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The growth pace was the most rapid in 2016 when the production volume decreased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Fork-Lift Truck Exports

Exports from Australia

In 2022, fork-lift truck exports from Australia skyrocketed to X units, picking up by X% compared with the previous year's figure. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, fork-lift truck exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X units) was the main destination for fork-lift truck exports from Australia, with a X% share of total exports. Moreover, fork-lift truck exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X units), eightfold. New Caledonia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Papua New Guinea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and New Caledonia (X% per year).

In value terms, Papua New Guinea ($X) remains the key foreign market for fork-lift trucks exports from Australia, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and India (X% per year).

Export Prices by Country

The average fork-lift truck export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, showed a sharp setback. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Papua New Guinea ($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 Bangladesh (X,250.4%), while the prices for the other major destinations experienced mixed trend patterns.

Fork-Lift Truck Imports

Imports into Australia

In 2022, imports of fork-lift trucks into Australia soared to X units, growing by X% on the year before. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fork-lift truck imports soared to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fork-lift truck to Australia, accounting for a X% share of total imports. Moreover, fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), ninefold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of fork-lift trucks to Australia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average fork-lift truck import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price showed a perceptible decrease. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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