Fork-Lift Truck Price in Russia - 2022

Contents:

1. Fork-Lift Truck Price in Russia (CIF) - 2022
2. Fork-Lift Truck Price in Russia (FOB) - 2022
3. Fork-Lift Truck Imports in Russia
4. Fork-Lift Truck Exports in Russia

Fork-Lift Truck Price in Russia (CIF) - 2022

In 2022, the average fork-lift truck import price amounted to $11,450 per unit, flattening at the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +53.3% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 60%. Over the period under review, average import prices reached the peak figure at $15,165 per unit in 2015; however, from 2016 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 the UK ($59,019 per unit), while the price for Belarus ($3,279 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Fork-Lift Truck Price in Russia (FOB) - 2022

The average fork-lift truck export price stood at $3,717 per unit in 2022, approximately equating the previous year. Overall, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 94%. As a result, the export price reached the peak level of $19,797 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($24,110 per unit), while the average price for exports to Bangladesh ($328 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 Bulgaria (+29.7%), while the prices for the other major destinations experienced a decline.

Fork-Lift Truck Imports in Russia

In 2022, fork-lift truck imports into Russia fell remarkably to 52K units, which is down by -16.4% compared with the previous year. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Over the period under review, imports attained the maximum at 83K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fork-lift truck imports contracted significantly to $595M in 2022. Over the period under review, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 46%. As a result, imports reached the peak of $707M, and then reduced dramatically in the following year.

Top Suppliers of Fork-Lift Truck to Russia in 2022:

1. China (36.6K units)
2. Germany (4.9K units)
3. Japan (4.7K units)
4. France (1.6K units)
5. Italy (0.9K units)
6. United Kingdom (0.8K units)
7. Sweden (0.6K units)

Fork-Lift Truck Exports in Russia

In 2022, shipments abroad of fork-lift trucks decreased by -14% to 2.4K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. As a result, the exports attained the peak of 2.8K units, and then contracted in the following year.

In value terms, fork-lift truck exports declined to $8.8M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $10M, and then fell in the following year.

Top Export Markets for Fork-Lift Truck from Russia in 2022:

1. Belarus (1220.0 units)
2. Kazakhstan (814.0 units)
3. Bulgaria (108.0 units)
4. Ukraine (103.0 units)
5. Bangladesh (81.0 units)
6. Guinea (48.0 units)

Source: IndexBox Market Intelligence Platform