EU: 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 EU

In 2022, the EU market for fork-lift trucks and other industrial works trucks and tractors decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of fork-lift trucks and other industrial works trucks and tractors contracted markedly to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in the EU

In 2022, overseas shipments of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then shrank sharply in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors surged to $X in 2022. 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 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Germany (X units), distantly followed by Italy (X units), France (X units), the Netherlands (X units), Belgium (X units) and Sweden (X units) were the largest exporters of fork-lift trucks and other industrial works trucks and tractors, together achieving X% of total exports. Ireland (X units) followed a long way behind the leaders.

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, Germany ($X) remains the largest forklift truck and industrial works truck supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, showed a pronounced decline. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Ireland ($X per unit), while Belgium ($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 other leaders experienced a decline in the export price figures.

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

Imports in the EU

After three years of growth, overseas purchases of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units in 2022. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors skyrocketed to $X in 2022. Total imports indicated a remarkable increase 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 was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X units), Belgium (X units), Germany (X units), the Netherlands (X units), Italy (X units) and France (X units) represented the key importer of fork-lift trucks and other industrial works trucks and tractors in the European Union, mixing up X% of total import. Hungary (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%) and Romania (X%).

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

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Italy, Belgium, Poland, Spain, Hungary and Romania lagged somewhat behind, together accounting for a further X%.

Romania, 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

The import price in the European Union stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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