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

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

The SADC non-self-propelled fork-lift truck market dropped notably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, non-self-propelled fork-lift truck production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports in SADC

In 2022, shipments abroad of non-self-propelled fork-lift trucks increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-self-propelled fork-lift truck exports surged to $X in 2022. Over the period under review, exports, however, saw a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa was the major exporter of non-self-propelled fork-lift trucks in SADC, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Angola (X units), achieving an X% share of total exports. Zambia (X units) held a minor share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Angola (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Angola (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest non-self-propelled fork-lift truck supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with an X% share of total exports.

In South Africa, non-self-propelled fork-lift truck exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, shrinking by X% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Angola ($X per unit), while South Africa ($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.

Non-Self-Propelled Fork-Lift Truck Imports

Imports in SADC

In 2022, overseas purchases of non-self-propelled fork-lift trucks increased by X% to X units, rising for the second year in a row after four years of decline. Total imports indicated a buoyant increase from 2012 to 2022: its volume 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 appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-self-propelled fork-lift truck imports skyrocketed to $X in 2022. Total imports indicated a slight 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the major importing country with an import of around X units, which recorded X% of total imports. Angola (X units) ranks second in terms of the total imports with a X% share, followed by Mozambique (X%) and Democratic Republic of the Congo (X%). Botswana (X units), Zambia (X units) and Madagascar (X units) followed a long way behind the leaders.

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

In value terms, South Africa ($X), Angola ($X) and Mozambique ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Democratic Republic of the Congo, Zambia, Madagascar and Botswana lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 SADC amounted to $X per unit, waning by X% against the previous year. In general, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Zambia ($X per unit), while Botswana ($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 a decline in the import price figures.

Source: IndexBox Platform

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