GCC: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in GCC

The GCC non-self-propelled fork-lift truck market expanded sharply to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a prominent expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Non-Self-Propelled Fork-Lift Truck Production in GCC

In value terms, non-self-propelled fork-lift truck production totaled $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in GCC

Non-self-propelled fork-lift truck exports reduced sharply to X units in 2022, shrinking by X% compared with the year before. Overall, exports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-self-propelled fork-lift truck exports fell dramatically to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of about X units, which reached X% of total exports. Bahrain (X units) held the second position in the ranking, followed by Oman (X units). All these countries together held approx. X% share of total exports. Kuwait (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-self-propelled fork-lift truck exports from the United Arab Emirates stood at X%. At the same time, Bahrain (X%) and Oman (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Bahrain, Oman and Kuwait increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest non-self-propelled fork-lift truck supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, picking up by X% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Non-Self-Propelled Fork-Lift Truck Imports

Imports in GCC

In 2022, purchases abroad of non-self-propelled fork-lift trucks increased by X% to X units, rising for the third year in a row after four years of decline. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-self-propelled fork-lift truck imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the key importing country with an import of about X units, which reached X% of total imports. Qatar (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%). Oman (X units) took a minor share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the non-self-propelled fork-lift trucks imports, with a CAGR of X% from 2012 to 2022. At the same time, Qatar (X%) and Kuwait (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) and Qatar (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-self-propelled fork-lift trucks in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with an X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, non-self-propelled fork-lift truck imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Oman ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :