Report ECOWAS - Fork-Lift Trucks and Other Industrial Works Trucks and Tractors - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Dec 2, 2022

ECOWAS - Fork-Lift Trucks and Other Industrial Works Trucks and Tractors - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2022

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

In general, consumption continues to indicate a relatively flat trend pattern.

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

Exports by Country

China prevails in tractors structure, amounting to X units, which was near 54% of total exports in 2021. Germany (X units) took a 9.9% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (6.1%). The following exporters - Italy (X units), Japan (X units), France (X units), the UK (X units), Belgium (X units), Sweden (X units), South Korea (X units) and the United States (X units) - together made up 22% of total exports.

From 2012 to 2021, average annual rates of growth with regard to forklift truck and industrial works truck exports from China stood at +22.0%. At the same time, the Netherlands (+36.7%), Germany (+26.0%), Belgium (+23.7%), France (+20.2%), Italy (+19.5%), the UK (+18.6%), South Korea (+17.0%), Japan (+14.1%), Sweden (+10.0%) and the United States (+1.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.7% from 2012-2021. The Netherlands (+4 p.p.), Germany (+2.8 p.p.) and China (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while Japan, Sweden and the United States saw its share reduced by -2.9%, -3.1% and -3.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, together comprising 48% of total exports.

China, with a CAGR of +10.9%, saw the highest rates of growth with regard to 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 X stood at less than $X per thousand units in 2021, flattening at the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.3%), 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 by Country

In 2021, the Netherlands (X units), distantly followed by Belgium (X units), the United States (X units), Germany (X units) and France (X units) were the main importers of fork-lift trucks and other industrial works trucks and tractors, together comprising 38% of total imports. Italy (X units), the UK (X units), Poland (X units), Australia (X units), Canada (X units), Spain (X units), Turkey (X units) and Mexico (X units) took a little share of total imports.

The Netherlands was also the fastest-growing in terms of the fork-lift trucks and other industrial works trucks and tractors imports, with a CAGR of +36.7% from 2012 to 2021. At the same time, Germany (+27.1%), Belgium (+23.8%), Mexico (+19.8%), Italy (+19.1%), Spain (+19.1%), Australia (+17.3%), Poland (+17.0%), Turkey (+16.7%), Canada (+13.0%), France (+11.4%), the United States (+3.2%) and the UK (+2.6%) displayed positive paces of growth. While the share of the Netherlands (+11 p.p.), Germany (+3.8 p.p.) and Belgium (+3.1 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of France (-1.7 p.p.), the UK (-6.2 p.p.) and the United States (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fork-lift trucks and other industrial works trucks and tractors into X, comprising 14% of global imports. The second position in the ranking was held by Germany ($X), with a 5.6% share of global imports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +7.9%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and the Netherlands (+10.2% per year).

Import Prices by Country

In 2021, the import price in X amounted to less than $X per thousand units, standing approx. at the previous year. In general, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per thousand units), while the Netherlands ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for fork-lift trucks and other industrial works trucks and tractors in ECOWAS?
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The countries with the highest volumes of consumption in 2020 were Sierra Leone, Nigeria and Ghana, together accounting for 76% of total consumption. These countries were followed by Senegal, Cote d'Ivoire and Guinea, which together accounted for a further 18%.
What are the largest producers of fork-lift trucks and other industrial works trucks and tractors in ECOWAS?
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Sierra Leone remains the largest forklift truck and industrial works truck producing country in ECOWAS, accounting for 100% of total volume.
What are the leading exporters of fork-lift trucks and other industrial works trucks and tractors in ECOWAS?
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In value terms, the largest forklift truck and industrial works truck supplying countries in ECOWAS were Senegal, Cote d'Ivoire and Burkina Faso, together comprising 63% of total exports.
What are the leading importers of fork-lift trucks and other industrial works trucks and tractors in ECOWAS?
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In value terms, Nigeria constitutes the largest market for imported fork-lift trucks and other industrial works trucks and tractors in ECOWAS, comprising 71% of total imports. The second position in the ranking was taken by Cote d'Ivoire, with a 7.9% share of total imports. It was followed by Ghana, with a 7.3% share.
What is the average export price for fork-lift trucks and other industrial works trucks and tractors in ECOWAS?
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The export price in ECOWAS stood at $1,586 per unit in 2021, declining by -76.5% against the previous year.
What is the average import price for fork-lift trucks and other industrial works trucks and tractors in ECOWAS?
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In 2021, the import price in ECOWAS amounted to $1,511 per unit, falling by -73.4% against the previous year.

This report provides an in-depth analysis of the market for forklift truck and industrial works truck in ECOWAS. 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)
• Prodcom 28221570 - Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods, t ractors of the type used on railway station platforms
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in ECOWAS, split by region and country
• Trade (exports and imports) in ECOWAS
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Niger
• Nigeria
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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