SADC: Fork-Lift Truck Market 2024

Fork-Lift Truck Market Size in SADC

For the third consecutive year, the SADC fork-lift truck market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded a pronounced increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Fork-Lift Truck Production in SADC

In value terms, fork-lift truck production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Fork-Lift Truck Exports

Exports in SADC

In 2022, exports of fork-lift trucks in SADC reduced dramatically to X units, shrinking by X% against the previous year. In general, exports showed a sharp setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fork-lift truck exports surged to $X in 2022. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the main exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Angola (X units), generating a X% share of total exports. The following exporters - Democratic Republic of the Congo (X units) and Zambia (X units) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fork-lift truck exports from South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%) and Angola (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Angola, Democratic Republic of the Congo and Zambia increased by X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest fork-lift truck supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Angola (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price posted a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Fork-Lift Truck Imports

Imports in SADC

In 2022, supplies from abroad of fork-lift trucks decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, fork-lift truck imports skyrocketed to $X in 2022. Overall, imports saw a slight contraction. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units) represented the major importer of fork-lift trucks, creating X% of total imports. Madagascar (X units) held the second position in the ranking, distantly followed by Angola (X units) and Democratic Republic of the Congo (X units). All these countries together took approx. X% share of total imports. The following importers - Zambia (X units), Mozambique (X units) and Tanzania (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to fork-lift truck imports into South Africa stood at X%. At the same time, Madagascar (X%), Democratic Republic of the Congo (X%), Tanzania (X%) and Angola (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) and Mozambique (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Madagascar, Democratic Republic of the Congo, Angola and South Africa increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported fork-lift trucks in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, growing by X% against the previous year. In general, the import price posted pronounced growth. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :