Eastern Europe: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Eastern Europe

In 2022, the East European market for fork-lift trucks and other industrial works trucks and tractors decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, posted a prominent increase. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Production of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Eastern Europe

In value terms, production of fork-lift trucks and other industrial works trucks and tractors contracted significantly to $X in 2022 estimated in export price. In general, production continues to indicate a dramatic decline. The level of production peaked at $X in 2021, and then shrank remarkably in the following year.

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Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports in Eastern Europe

After six years of growth, shipments abroad of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units in 2022. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then shrank markedly in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors skyrocketed to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Poland (X units) and the Czech Republic (X units) prevails in tractors structure, together comprising X% of total exports. Hungary (X units), Bulgaria (X units), Lithuania (X units), Belarus (X units), Romania (X units), Slovakia (X units) and Russia (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced a decline in the export price figures.

Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports in Eastern Europe

In 2022, supplies from abroad of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then reduced notably in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors expanded modestly to $X in 2022. Total imports indicated a pronounced 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 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Hungary (X units), Poland (X units) and Romania (X units) was the key importer of fork-lift trucks and other industrial works trucks and tractors in Eastern Europe, mixing up X% of total import. Russia (X units) ranks next in terms of the total imports with a X% share, followed by the Czech Republic (X%). Ukraine (X units), Bulgaria (X units), Slovakia (X units), Estonia (X units), Lithuania (X units), Belarus (X units) and Moldova (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 leading importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest forklift truck and industrial works truck importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined X% share of total imports. Hungary, Romania, Slovakia, Ukraine, Bulgaria, Lithuania, Belarus, Estonia and Moldova lagged somewhat behind, together accounting for a further X%.

Moldova, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, saw a deep setback. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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