United Kingdom: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in the UK

The UK market for fork-lift trucks and other industrial works trucks and tractors soared to $X in 2022, jumping by X% against the previous year. Overall, consumption saw a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in the UK

In value terms, production of fork-lift trucks and other industrial works trucks and tractors plummeted to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then fell markedly in the following year.

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Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports from the UK

After two years of growth, shipments abroad of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then declined significantly in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X units), the United States (X units) and the Netherlands (X units) were the main destinations of exports of fork-lift trucks and other industrial works trucks and tractors from the UK, together comprising X% of total exports.

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

In value terms, the United States ($X) remains the key foreign market for fork-lift trucks and other industrial works trucks and tractors exports from the UK, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

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

Export Prices by Country

The average export price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, recorded a noticeable decrease. The export price peaked at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the average price for exports to Ireland ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports into the UK

After three years of growth, purchases abroad of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units in 2022. In general, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors soared to $X in 2022. Overall, total imports indicated a strong 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. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest forklift truck and industrial works truck supplier to the UK, with a X% share of total imports. Moreover, imports of fork-lift trucks and other industrial works trucks and tractors from China exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. The third position in this ranking was held by the Czech Republic (X units), with a X% share.

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

In value terms, the largest forklift truck and industrial works truck suppliers to the UK were Germany ($X), France ($X) and China ($X), with a combined X% share of total imports. Italy, the United States, Sweden, the Netherlands, the Czech Republic, Taiwan (Chinese) and Belgium lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price saw a buoyant expansion. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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