Eastern Asia: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Eastern Asia

For the fourth consecutive year, the East Asian non-self-propelled fork-lift truck market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Production in Eastern Asia

In value terms, non-self-propelled fork-lift truck production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Non-Self-Propelled Fork-Lift Truck Exports

Exports in Eastern Asia

In 2022, overseas shipments of non-self-propelled fork-lift trucks increased by X% to X units, rising for the second year in a row after two years of decline. Total exports indicated pronounced growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, non-self-propelled fork-lift truck exports surged to $X in 2022. Total exports indicated resilient growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X units) represented the key exporter of non-self-propelled fork-lift trucks in Eastern Asia, comprising X% of total export.

China was also the fastest-growing in terms of the non-self-propelled fork-lift trucks exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-self-propelled fork-lift truck supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, 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 X% per year.

Non-Self-Propelled Fork-Lift Truck Imports

Imports in Eastern Asia

Non-self-propelled fork-lift truck imports stood at X units in 2022, picking up by X% on the previous year's figure. Total imports indicated a temperate increase from 2012 to 2022: its volume 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 2017 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, non-self-propelled fork-lift truck imports rose modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X units), Taiwan (Chinese) (X units) and Japan (X units) represented roughly X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X units), mixing up a X% share of total imports. China (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 Japan (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest non-self-propelled fork-lift truck importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising X% of total imports.

In terms of the main importing countries, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :