Eastern Europe: 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 Eastern Europe

The East European market for fork-lift trucks and other industrial works trucks and tractors expanded sharply to $X in 2019, growing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Production of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Eastern Europe

In value terms, production of fork-lift trucks and other industrial works trucks and tractors expanded remarkably to $X in 2019 estimated in export price. The total production indicated a pronounced increase from 2012 to 2019: its value increased at an average annual rate of X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production of hit record highs in 2019 and is likely to see steady growth in years to come.

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

Exports in Eastern Europe

In 2023, after seven years of growth, there was significant decline in shipments abroad of fork-lift trucks and other industrial works trucks and tractors, when their volume decreased by X% to X units. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors soared to $X in 2023. Over the period under review, exports, however, posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units) and the Czech Republic (X units) dominates tractors structure, together creating X% of total exports. Slovakia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Romania (X%). The following exporters - Bulgaria (X units) and Russia (X units) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, the Czech Republic, 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 leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, jumping by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2023, purchases abroad of fork-lift trucks and other industrial works trucks and tractors decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2022, and then dropped slightly in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors skyrocketed to $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

Poland (X units), the Czech Republic (X units), Bulgaria (X units), Russia (X units), Slovakia (X units), Romania (X units) and Hungary (X units) represented roughly X% of total imports in 2023.

From 2012 to 2023, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Hungary, Romania, Slovakia and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, saw a slight decrease. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2023, 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