South-Eastern Asia: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in South-Eastern Asia

The Southeast Asian self-propelled non-electric fork-lift truck market expanded remarkably to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in South-Eastern Asia

In value terms, self-propelled non-electric fork-lift truck production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports in South-Eastern Asia

In 2022, shipments abroad of self-propelled fork-lift trucks with non-electric motor increased by X% to X units, rising for the second year in a row after two years of decline. Total exports indicated a perceptible expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck exports skyrocketed to $X in 2022. Overall, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the main exporter of self-propelled fork-lift trucks with non-electric motor in South-Eastern Asia, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Singapore (X units) took the second position in the ranking, distantly followed by Thailand (X units). All these countries together took approx. X% share of total exports. Malaysia (X units) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the self-propelled fork-lift trucks with non-electric motor exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest self-propelled non-electric fork-lift truck supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, self-propelled non-electric fork-lift truck exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. In general, the export price saw a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports in South-Eastern Asia

In 2022, supplies from abroad of self-propelled fork-lift trucks with non-electric motor increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a notable 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 was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, self-propelled non-electric fork-lift truck imports surged to $X in 2022. Overall, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of self-propelled non-electric fork-lift truck imports in 2022 were the Philippines (X units), Malaysia (X units) and Thailand (X units), together finishing at X% of total import. Singapore (X units) ranks next in terms of the total imports with a X% share, followed by Indonesia (X%) and Vietnam (X%).

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled non-electric fork-lift truck importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Thailand ($X), together accounting for X% of total imports. Vietnam, the Philippines and Singapore lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Overall, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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