Cote d'Ivoire: 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 Cote d'Ivoire

After two years of growth, the Cote d'Ivoire's market for fork-lift trucks and other industrial works trucks and tractors decreased by X% to $X in 2022. Over the period under review, consumption, however, showed prominent growth. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

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

Exports from Cote d'Ivoire

In 2022, after three 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. Over the period under review, exports, however, posted a buoyant 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 attained the peak of X units, and then dropped in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors amounted to $X in 2022. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Lebanon (X units) was the main destination for exports of fork-lift trucks and other industrial works trucks and tractors from Cote d'Ivoire, accounting for a X% share of total exports. Moreover, exports of fork-lift trucks and other industrial works trucks and tractors to Lebanon exceeded the volume sent to the second major destination, Benin (X units), twofold. The third position in this ranking was taken by France (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and France (X% per year).

In value terms, Togo ($X), Lebanon ($X) and Benin ($X) appeared to be the largest markets for forklift truck and industrial works truck exported from Cote d'Ivoire worldwide, together comprising X% of total exports.

Among the main countries of destination, Benin, 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 average export price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per unit), while the average price for exports to France ($X 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 Togo (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Cote d'Ivoire

In 2022, overseas purchases 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 two-year rising trend. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped sharply in the following year.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors reached $X in 2022. Over the period under review, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of forklift truck and industrial works truck to Cote d'Ivoire, 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, the Netherlands (X units), twofold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of fork-lift trucks and other industrial works trucks and tractors to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with an X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average import price for fork-lift trucks and other industrial works trucks and tractors amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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