Greece: 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 Greece

The Greek market for fork-lift trucks and other industrial works trucks and tractors fell rapidly to less than $X in 2021, dropping by X% against the previous year. In general, consumption showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

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

In value terms, production of fork-lift trucks and other industrial works trucks and tractors stood at less than $X in 2021 estimated in export price. In general, production recorded a sharp slump. The most prominent rate of growth was recorded in 2015 when the production volume decreased by X%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports from Greece

Exports of fork-lift trucks and other industrial works trucks and tractors from Greece soared to X units in 2023, jumping by X% on 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors reached $X in 2023. Overall, exports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for exports of fork-lift trucks and other industrial works trucks and tractors from Greece, accounting for a X% share of total exports. Moreover, exports of fork-lift trucks and other industrial works trucks and tractors to Spain exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, France ($X) emerged as the key foreign market for fork-lift trucks and other industrial works trucks and tractors exports from Greece, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Romania (X% per year).

Export Prices by Country

In 2023, the average export price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price showed a sharp descent. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Greece

In 2023, supplies from abroad of fork-lift trucks and other industrial works trucks and tractors increased by X% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors rose markedly to $X in 2023. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, China (X units) constituted the largest forklift truck and industrial works truck supplier to Greece, accounting for a X% share of total imports. Moreover, imports of fork-lift trucks and other industrial works trucks and tractors from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, the largest forklift truck and industrial works truck suppliers to Greece were Germany ($X), China ($X) and Sweden ($X), with a combined X% share of total imports. Italy, the Netherlands, Belgium, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price saw a temperate expansion. 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 average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform