Denmark: Bulldozer Market 2024

Bulldozer Market Size in Denmark

After two years of decline, the Danish bulldozer market increased by 137% to $X in 2022. Over the period under review, consumption saw moderate growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bulldozer Production in Denmark

In value terms, bulldozer production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Bulldozer Exports

Exports from Denmark

For the fourth consecutive year, Denmark recorded growth in shipments abroad of bulldozers and angle dozers, which increased by 26% to X units in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 387% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, bulldozer exports surged to $X in 2022. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 195%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Faroe Islands (X units) was the main destination for bulldozer exports from Denmark, accounting for a 41% share of total exports. Moreover, bulldozer exports to Faroe Islands exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Norway (X units), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Faroe Islands totaled +136.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.5% per year) and Norway (+9.3% per year).

In value terms, the largest markets for bulldozer exported from Denmark were Germany ($X), Faroe Islands ($X) and Norway ($X), with a combined 49% share of total exports. Sweden, the Netherlands, Greece, Spain, Belgium, South Korea, the United States, Switzerland and Japan lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, South Korea, with a CAGR of +324.6%, saw 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

The average bulldozer export price stood at $X per unit in 2022, picking up by 54% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 157%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Switzerland ($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 Japan (+350.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into Denmark

In 2022, overseas purchases of bulldozers and angle dozers increased by 459% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bulldozer imports reduced to $X in 2022. In general, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 116% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Norway (X units) constituted the largest supplier of bulldozer to Denmark, accounting for a 88% share of total imports. Moreover, bulldozer imports from Norway exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from Norway totaled +76.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.2% per year) and Italy (+19.9% per year).

In value terms, France ($X), Norway ($X) and Italy ($X) constituted the largest bulldozer suppliers to Denmark, together accounting for 83% of total imports.

Among the main suppliers, Norway, with a CAGR of +53.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, shrinking by -83.6% against the previous year. Overall, the import price recorded a dramatic contraction. The growth pace was the most rapid in 2016 an increase of 578% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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