Argentine forklift market takes another leap

News Story
- 29 Mar 2007 ( #303 ) - BUENOS AIRES, Argentina
1 min read
Argentina imported nearly 40 per cent more forklifts in 2006 than 2005.

Figures from Argentinian marketing company Marketeck SA show 4,296 new forklifts were imported into Argentina in 2006, a 39 per cent jump from 2005's 3,086 forklifts. It was almost double 2004's 2,243 forklifts (Forkliftaction.com News #249).

The FOB value of the imports was USD77,532,000, up 49 per cent from 2005's USD51,998,429.

Imports of used trucks dropped 26 per cent from 1,277 forklifts in 2005 to 1,159 forklifts in 2006.

Marketeck president Henry Whitney said Argentina's forklift market size was traditionally 1,500 to 2,000 new forklifts a year. In 2005, the market swelled to 3,086 forklifts.

"First estimates for 2007 suggest another 4,000-truck year," Whitney said.

Marketeck SA analysed official Argentine Government customs statistics, processed by Tesys SRL and La Nación.
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In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading

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