Eastern Europe: Fork-Lift Truck Market 2024

Fork-Lift Truck Market Size in Eastern Europe

The East European fork-lift truck market shrank to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, recorded measured growth. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Fork-Lift Truck Production in Eastern Europe

In value terms, fork-lift truck production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a measured expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Fork-Lift Truck Exports

Exports in Eastern Europe

Fork-lift truck exports expanded notably to X units in 2022, increasing by X% on the previous year's figure. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, fork-lift truck exports expanded rapidly to $X in 2022. Overall, exports saw a strong increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The Czech Republic (X units) and Poland (X units) dominates exports structure, together comprising X% of total exports. Bulgaria (X units) ranks next in terms of the total exports with a X% share, followed by Slovakia (X%). Hungary (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) were 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 rates of growth with regard to the value of exports, among 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

In 2022, the export price in Eastern Europe amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 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 Poland ($X per unit), while Slovakia ($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 more modest paces of growth.

Fork-Lift Truck Imports

Imports in Eastern Europe

In 2022, purchases abroad of fork-lift trucks increased by X% to X units, rising for the seventh year in a row after two years of decline. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, fork-lift truck imports reduced to $X in 2022. Total imports indicated noticeable 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Russia (X units) and Poland (X units) represented roughly X% of total imports in 2022. The Czech Republic (X units) ranks next in terms of the total imports with a X% share, followed by Romania (X%), Hungary (X%) and Bulgaria (X%). Ukraine (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 main importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fork-lift truck importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together comprising X% of total imports. Hungary, Romania, Ukraine and Bulgaria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Eastern Europe stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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