Denmark: Crawler Dozer Market 2024

Crawler Dozer Market Size in Denmark

In 2022, the Danish crawler dozer market decreased by -24.9% to $X, falling for the third consecutive year after two years of growth. Overall, consumption showed a abrupt decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Crawler Dozer Production in Denmark

In value terms, crawler dozer production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 16%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Crawler Dozer Exports

Exports from Denmark

In 2022, overseas shipments of crawler dozers increased by 31% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 290%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, crawler dozer exports skyrocketed to $X in 2022. Overall, exports recorded slight growth. The growth pace was the most rapid in 2020 when exports increased by 166% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for crawler dozer exports from Denmark, with a 33% share of total exports. Moreover, crawler dozer exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was taken by Sweden (X units), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+25.2% per year) and Sweden (+19.6% per year).

In value terms, the largest markets for crawler dozer exported from Denmark were Germany ($X), Sweden ($X) and the Netherlands ($X), with a combined 67% share of total exports. Faroe Islands, Greece, Spain, Belgium, Finland, Croatia, Italy, Slovakia, Portugal and Luxembourg lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, Belgium, with a CAGR of +58.0%, 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 crawler dozer export price stood at $X per unit in 2022, growing by 61% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 127% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Luxembourg ($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 Croatia (+94.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Dozer Imports

Imports into Denmark

Crawler dozer imports into Denmark reached X units in 2022, increasing by 4.3% against the previous year's figure. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 331%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crawler dozer imports shrank notably to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.7% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 103%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell notably in the following year.

Imports by Country

France (X units), Norway (X units) and Brazil (X units) were the main suppliers of crawler dozer imports to Denmark, with a combined 75% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +150.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of crawler dozers to Denmark, comprising 62% of total imports. The second position in the ranking was held by Norway ($X), with a 15% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+10.0% per year) and Germany (+16.3% per year).

Import Prices by Country

In 2022, the average crawler dozer import price amounted to $X per unit, shrinking by -36.3% against the previous year. In general, the import price continues to indicate a mild setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 358% against the previous year. The import price peaked at $X per unit in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for the UK ($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 (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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