Denmark: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Denmark

The Danish off-highway dumper market soared to $X in 2021, increasing by 23% against the previous year. Over the period under review, consumption recorded a strong increase. Off-highway dumper consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Off-Highway Dumper Production in Denmark

In value terms, off-highway dumper production soared to $X in 2021 estimated in export price. Over the period under review, production posted a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Off-Highway Dumper Exports

Exports from Denmark

In 2021, approx. X units of dumpers for off-highway use were exported from Denmark; dropping by -19.3% compared with the year before. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 150%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, off-highway dumper exports rose slightly to $X in 2021. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 154%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Australia (X units) and the United States (X units) were the main destinations of off-highway dumper exports from Denmark, with a combined 53% share of total exports. Sweden, the Netherlands, New Zealand, Israel, Faroe Islands, Norway, Greenland, Latvia, Finland and the UK lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +80.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Australia ($X) and the United States ($X) constituted the largest markets for off-highway dumper exported from Denmark worldwide, together comprising 56% of total exports. These countries were followed by New Zealand, Norway, Greenland, the Netherlands, Israel, Sweden, Faroe Islands, Finland, the UK and Latvia, which together accounted for a further 39%.

Israel, with a CAGR of +98.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average off-highway dumper export price amounted to $X per unit, picking up by 26% against the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 96% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greenland ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Denmark

In 2021, the amount of dumpers for off-highway use imported into Denmark expanded slightly to X units, increasing by 2.2% against the year before. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 39%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, off-highway dumper imports surged to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of off-highway dumper to Denmark, with a 63% share of total imports. Moreover, off-highway dumper imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was taken by France (X units), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.4% per year) and France (+134.5% per year).

In value terms, Germany ($X) constituted the largest supplier of dumpers for off-highway use to Denmark, comprising 68% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by Norway, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.8% per year) and Norway (+33.5% per year).

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2021, jumping by 51% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 66%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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