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

Earlier Report Observations

The market volume for non-self-propelled fork-lift trucks in Spain began the period at 274.6 thousand units in 2018 before dropping sharply to 118.5 thousand units in 2019. It then gradually recovered to 121.1 thousand units in 2020 and 131.7 thousand units in 2021.

In 2022, market volume rose to 160.5 thousand units, a year when the broader Spanish fork-lift truck market reported a contraction but saw significant consolidation with GAM's acquisition of Carretillas Mayor. The following year, volume fell to 144.9 thousand units amid an industry adjustment, prolonged payment terms affecting 30% of companies, and ongoing safety regulations such as the Ley de Prevención de Riesgos Laborales and Real Decreto 1215/1997. By 2024, while the overall fork-lift market historically expanded over 24% driven by electrification, logistics investment, and e-commerce growth, the non-self-propelled segment declined slightly to 138.5 thousand units.

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

In value, 2017-2020, K $ US

After two years of growth, Spain's production of non-self-propelled forklift trucks declined. In 2020, output was valued at 39 089 thousand US dollars, which represents a 23.2% decrease compared to 2019. Over the period from 2017 to 2020, production increased by 57.1%, translating to an annualized growth rate of 16.2%. The peak value was recorded in 2019 at 50 914 thousand US dollars, with the largest annual increase also occurring in 2019 at 59.8%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, unit

Following two years of gains, Spain's production of non-self-propelled forklift trucks in physical units declined. In 2020, 3 940 units were produced, marking a 9.8% decrease from the previous year. From 2017 to 2020, production rose by 37.8%, equivalent to an annualized rate of 11.3%. The highest production level was achieved in 2019 with 4 370 units, while the largest annual increase occurred in 2018 at 24.1%.

Annual dynamics of production in Spain in kind, 2017-2020, unit

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

Exports in kind, K unit

Spain's exports of non-self-propelled forklift trucks increased for the second consecutive year. In 2020, exports reached 36.9 thousand units, representing a solid 11.4% rise compared to 2019. Between 2017 and 2020, exports grew by 80.8%, with an annualized rate of 21.8%. The lowest export volume was recorded in 2018 at 20.2 thousand units, which also saw the smallest decline of 1.0%. The largest annual increase occurred in 2019 at 64.1%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K unit

From 2017 to 2020, Morocco, Portugal, and the United Kingdom consistently led Spain's export destinations for non-self-propelled forklift trucks in physical terms. Morocco accounted for 45.5% of exports, Portugal for 11.2%, and the United Kingdom for 9.3%. Together, these three countries represented 66.1% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

After two years of growth, Spain's exports of non-self-propelled forklift trucks in value terms declined. In 2020, exports amounted to 5 516 thousand US dollars, showing a sharp decrease of 34.0% from 2019. Over the 2017-2020 period, exports fell by 16%, with a compound annual growth rate of -5.7%. The highest value was recorded in 2019 at 8 360 thousand US dollars, which also saw the largest annual increase of 21.7%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

Between 2017 and 2020, Spain exported non-self-propelled forklift trucks to numerous countries. Even the top three destinations—Portugal, France, and the United Kingdom—collectively accounted for only 40.9% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

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

Imports in kind, K unit

Import volumes of non-self-propelled forklift trucks into Spain showed significant volatility during this period. The lowest point was in 2017, followed by a peak in 2018, with a 2.1-fold difference between these years. In 2020, imports totaled 291.3 thousand units, reflecting a moderate 4.6% increase year-over-year. The highest import volume was recorded in 2018 at 291.3 thousand units, which also experienced the largest annual increase of 113.9%. The largest decline occurred in 2019 at 49.4%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K unit

Throughout 2017-2020, Portugal, Italy, and China were the leading sources of non-self-propelled forklift truck imports into Spain in physical terms. Portugal accounted for 56.4% of imports, Italy for 12.9%, and China for 9.2%. Combined, these three countries made up 78.5% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

In 2020, Spain's imports of non-self-propelled forklift trucks in value terms were recorded at 17 401 thousand US dollars, indicating a reduction of 35.2% compared to the previous year. Over the 2017-2020 period, imports decreased by 38.2%, with a compound annual growth rate of -14.8%. The largest annual increase was recorded in 2019 at 15.7%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

From 2017 to 2020, Italy, China, and the Netherlands remained the top suppliers of non-self-propelled forklift trucks to Spain in value terms. Italy accounted for 28.7% of imports, China for 12.2%, and the Netherlands for 11.7%. Together, these three countries represented 52.7% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020