Russian Federation: 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 Russian Federation

In 2019, the Russian market for fork-lift trucks and other industrial works trucks and tractors increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption, however, enjoyed slight growth. Consumption of peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

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

In value terms, production of fork-lift trucks and other industrial works trucks and tractors soared to $X in 2019 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

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

Exports from the Russian Federation

In 2023, approx. X units of fork-lift trucks and other industrial works trucks and tractors were exported from Russia; jumping by X% compared with the previous year. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors skyrocketed to $X in 2023. Over the period under review, exports posted a mild expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Ukraine (X units) were the main destinations of exports of fork-lift trucks and other industrial works trucks and tractors from Russia, together comprising X% of total exports. Armenia, Uzbekistan, Azerbaijan and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) constituted the largest markets for forklift truck and industrial works truck exported from Russia worldwide, with a combined X% share of total exports. Uzbekistan, Azerbaijan, Armenia and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the average export price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, faced a abrupt contraction. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Kyrgyzstan ($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 Uzbekistan (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 the Russian Federation

In 2023, the amount of fork-lift trucks and other industrial works trucks and tractors imported into Russia rose notably to X units, picking up by X% compared with 2022 figures. In general, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors reached $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest forklift truck and industrial works truck supplier to Russia, with 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, Germany (X units), sixfold. Japan (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

In value terms, the largest forklift truck and industrial works truck suppliers to Russia were China ($X), Germany ($X) and France ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2023, leveling off at the previous year. Over the period under review, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices stood 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 the UK ($X per unit), while the price for Belarus ($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