Sweden: Fork-Lift Truck Market 2024

Fork-Lift Truck Market Size in Sweden

After three years of growth, the Swedish fork-lift truck market decreased by X% to $X in 2022. Over the period under review, consumption posted perceptible growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted slightly in the following year.

Fork-Lift Truck Production in Sweden

In value terms, fork-lift truck production contracted notably to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Fork-Lift Truck Exports

Exports from Sweden

In 2022, approx. X units of fork-lift trucks were exported from Sweden; reducing by X% against 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, fork-lift truck exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

Belgium (X units) was the main destination for fork-lift truck exports from Sweden, accounting for a X% share of total exports. Moreover, fork-lift truck exports to Belgium exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

In value terms, Belgium ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for fork-lift truck exported from Sweden worldwide, with a combined X% share of total exports. Spain, the UK, Poland, Denmark, Norway, Australia, the United States, the Czech Republic, Hungary and Portugal lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fork-lift truck export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports into Sweden

For the third consecutive year, Sweden recorded growth in supplies from abroad of fork-lift trucks, which increased by X% to X units in 2022. In general, imports, however, showed a slight curtailment. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fork-lift truck imports amounted to $X in 2022. Overall, total imports indicated temperate growth 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%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and Vietnam (X units) were the main suppliers of fork-lift truck imports to Sweden, with a combined X% share of total imports. Malaysia, Denmark, Ireland, the Netherlands, Belgium, France and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of fork-lift trucks to Sweden, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

Import Prices by Country

The average fork-lift truck import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price 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, fork-lift truck import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :