Overview of the Global Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

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

The global market for fork-lift trucks and other industrial works trucks and tractors skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of fork-lift trucks and other industrial works trucks and tractors declined sharply to $X in 2022 estimated in export price. In general, production saw a perceptible setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports

After two years of growth, overseas shipments of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units in 2022. Overall, exports, however, showed 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 attained the peak of X units, and then contracted sharply in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors skyrocketed to $X in 2022. In general, total exports indicated a resilient 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, exports increased by X% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of fork-lift trucks and other industrial works trucks and tractors in the world, with the volume of exports accounting for X units, which was near X% of total exports in 2022. Germany (X units) ranks second in terms of the total exports with a X% share, followed by Japan (X%) and Italy (X%). The following exporters - France (X units), the UK (X units), South Korea (X units), the Netherlands (X units), Belgium (X units), the United States (X units), Canada (X units) and Sweden (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to forklift truck and industrial works truck exports from China stood at X%. At the same time, Canada (X%), the Netherlands (X%), Germany (X%), Belgium (X%), Italy (X%), South Korea (X%), France (X%), Japan (X%), the UK (X%) and the United States (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%) illustrated a downward trend over the same period. Germany (X p.p.) significantly strengthened its position in terms of the global exports, while the United States, Sweden and China saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports.

Among the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

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, jumping by X% against the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 the United States ($X per unit), while China ($X per unit) was amongst the lowest.

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

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

Imports

In 2022, after two years of growth, there was significant decline in overseas purchases of fork-lift trucks and other industrial works trucks and tractors, when their volume decreased by X% to X units. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable 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 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units), distantly followed by Brazil (X units), Spain (X units), Belgium (X units) and Canada (X units) represented the largest importers of fork-lift trucks and other industrial works trucks and tractors, together mixing up X% of total imports. The following importers - Germany (X units), the Netherlands (X units), Indonesia (X units), Italy (X units), the UK (X units), France (X units), Thailand (X units) and Australia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to forklift truck and industrial works truck imports into the United States stood at X%. At the same time, Indonesia (X%), Spain (X%), Canada (X%), Brazil (X%), Germany (X%), Belgium (X%), Thailand (X%), Australia (X%), the Netherlands (X%) and Italy (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, Indonesia and Brazil increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fork-lift trucks and other industrial works trucks and tractors worldwide, comprising X% of global imports. The second position in the ranking was held by Canada ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. Global import price peaked at $X per unit in 2018; however, from 2019 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 France ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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