Global Fork-Lift Truck Market 2024

Fork-Lift Truck Market Size

The global fork-lift truck market totaled $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated strong 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, consumption increased by X% against 2020 indices. Global consumption peaked in 2022 and is likely to continue growth in years to come.

Fork-Lift Truck Production

In value terms, fork-lift truck production declined modestly to $X in 2022 estimated in export price. The total output 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. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a lower figure.

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Fork-Lift Truck Exports

Exports

In 2022, shipments abroad of fork-lift trucks increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total exports indicated perceptible growth 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 appeared the most rapid in 2021 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, fork-lift truck exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a buoyant 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 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. The Netherlands (X units) took the second position in the ranking, followed by Sweden (X units) and Germany (X units). All these countries together took approx. X% share of total exports. The following exporters - Malaysia (X units), Italy (X units), France (X units), Belgium (X units), the United States (X units), the UK (X units) and Denmark (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%), Denmark (X%), Belgium (X%), Germany (X%), the United States (X%), Italy (X%), Sweden (X%) and France (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the global exports, while Sweden, the UK and the Netherlands 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, with a combined X% share of global exports. Italy, France, the UK, the Netherlands, Sweden, Belgium, Denmark and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average fork-lift truck export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum 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 ($X per unit), while Malaysia ($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 other global leaders experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports

In 2022, the amount of fork-lift trucks imported worldwide surged to X units, with an increase of X% compared with the year before. Overall, total imports indicated prominent growth 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 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fork-lift truck imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a temperate 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 growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, global imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

The United States (X units) and the UK (X units) represented roughly X% of total imports in 2022. Germany (X units) held the next position in the ranking, followed by Belgium (X units), the Netherlands (X units) and Spain (X units). All these countries together held approx. X% share of total imports. France (X units), Russia (X units), Italy (X units), India (X units), Poland (X units), Greece (X units) and Canada (X units) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: Canada (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average fork-lift truck import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price recorded a mild slump. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average 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 Canada ($X per unit), while Greece ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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