Non-self-propelled fork-lift trucks market in Denmark

Earlier Report Observations

The Danish market for non-self-propelled fork-lift trucks opened the period with new workplace safety rules and clarified operator certification requirements, which set standards for equipment use. Simultaneously, a focus on automation in logistics centers and significant acquisitions among global suppliers began reshaping the competitive landscape. These developments preceded a slight market contraction to 20 139 units in 2019 from 21 202 units in 2018.

A sharp 63% market expansion to 32 853 units occurred in 2020, driven by the accelerated integration of digital systems with automated trucks to reduce downtime and errors in internal logistics. The subsequent 24% correction to 24 904 units in 2021 coincided with the launch of new electric models with higher lifting capacities and multi-pallet handling features, offering buyers advanced options.

Market volume stabilized with a 4% increase to 26 000 units in 2022, supported by demand for compact trucks with low turning radii for narrow spaces and updated operator certification guidelines. The market then contracted to 15 821 units in 2023 and further to 13 740 units in 2024.

Production non-self-propelled fork-lift trucks in Denmark

In value, 2018-2021, K $ US

Denmark's production of non-self-propelled forklift trucks rebounded after two years of decline. In 2021, output reached 37 915 thousand US dollars, marking a significant 29.2% increase from the previous year. Looking at the period from 2018 to 2021, production grew by 7.5%, with an average annual growth rate of 2.4%. The lowest point was in 2020 at 29 348 thousand US dollars, following a 9.7% decline in 2019.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, unit

In 2021, Denmark produced 21 859 units of non-self-propelled forklift trucks, representing a 3.7% increase compared to 2020. The lowest production volume was recorded in 2019 at 21 085 units, which saw a 5.3% decline that year.

Annual dynamics of production in Denmark in kind, 2018-2021, unit

Exports non-self-propelled fork-lift trucks from Denmark

Exports in kind, unit

Denmark's exports of non-self-propelled forklift trucks reached 23 030 units in 2021, up by 34.1% from the previous year. From 2018 to 2021, exports grew by 13.1%, with an average annual increase of 4.2%. The lowest export volume was in 2020 at 17 174 units, after a 22.1% drop that year.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, unit

Between 2018 and 2021, Germany, Sweden, and France were the main destinations for Denmark's non-self-propelled forklift truck exports in volume terms. Germany accounted for 25.5% of exports, Sweden for 19.6%, and France for 9.6%, together making up 54.8% of total exports.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Denmark's exports of non-self-propelled forklift trucks recovered after two years of decline. In 2021, export value stood at 36 169 thousand US dollars, showing a strong 24.2% rise from the previous year. Over the 2018-2021 period, exports increased by 9.8%, equivalent to an annualized growth rate of 3.2%. The lowest value was recorded in 2020 at 29 128 thousand US dollars, following a 7.8% decline that year.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Germany, Sweden, and France led as the top buyers of non-self-propelled forklift trucks from Denmark in value terms. Germany held a 31.7% share of exports, Sweden 14.3%, and France 12.0%, with their combined share reaching 58.0% of total exports.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports non-self-propelled fork-lift trucks to Denmark

Imports in kind, unit

Denmark's imports of non-self-propelled forklift trucks declined after two years of growth. In 2021, import volume was 26 075 units, down by 9.9% from 2020. Between 2018 and 2021, imports increased by 35.1%, with an average annual rate of 10.5%. The peak was in 2020 at 28 941 units, after a sharp 37.2% rise that year.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, unit

During 2018-2021, China, Sweden, and Malaysia were the key sources for Denmark's imports of non-self-propelled forklift trucks in volume terms, together accounting for 54.9% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

Denmark's imports of non-self-propelled forklift trucks surged after two years of decline. In 2021, import value reached 9 150 thousand US dollars, reflecting a sharp 44.0% increase from the previous year. Over the 2018-2021 period, imports grew by 35.5%, with an average annual growth rate of 10.7%. The lowest value was in 2020 at 6 354 thousand US dollars, following a 5.2% decline in 2019.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

From 2018 to 2021, China, Sweden, and Italy were the leading sources for Denmark's imports of non-self-propelled forklift trucks in value terms. China accounted for 24.2% of imports, Sweden for 23.7%, and Italy for 13.8%, with their combined share totaling 61.7% of total imports.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021