Denmark: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Denmark

In 2022, the Danish wheeled dozer market increased by 115% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wheeled Dozer Production in Denmark

In value terms, wheeled dozer production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wheeled Dozer Exports

Exports from Denmark

In 2022, shipments abroad of wheeled dozers increased by 22% to X units, rising for the fourth consecutive year after three years of decline. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 2,500% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wheeled dozer exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 69,536%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Faroe Islands (X units) was the main destination for wheeled dozer exports from Denmark, with a 67% share of total exports. Moreover, wheeled dozer exports to Faroe Islands exceeded the volume sent to the second major destination, Norway (X units), sevenfold. The third position in this ranking was held by the United States (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Faroe Islands totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+36.2% per year) and the United States (+51.1% per year).

In value terms, Norway ($X), Faroe Islands ($X) and China ($X) constituted the largest markets for wheeled dozer exported from Denmark worldwide, with a combined 78% share of total exports. The United States, Switzerland, South Korea and Japan lagged somewhat behind, together comprising a further 3%.

South Korea, with a CAGR of +93.4%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average wheeled dozer export price amounted to $X per unit, increasing by 35% against the previous year. Overall, the export price, however, showed a drastic downturn. The growth pace was the most rapid in 2015 when the average export price increased by 2,578% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Switzerland ($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 South Korea (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Dozer Imports

Imports into Denmark

In 2022, supplies from abroad of wheeled dozers increased by 525% to X units, rising for the third consecutive year after two years of decline. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 5,667% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, wheeled dozer imports surged to $X in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 751%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Norway (X units) constituted the largest supplier of wheeled dozer to Denmark, accounting for a 89% share of total imports. Moreover, wheeled dozer imports from Norway exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway amounted to +76.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.2% per year) and Italy (+26.3% per year).

In value terms, Norway ($X), Italy ($X) and China ($X) appeared to be the largest wheeled dozer suppliers to Denmark, with a combined 91% share of total imports.

Among the main suppliers, Norway, with a CAGR of +48.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wheeled dozer import price amounted to $X per unit, declining by -74.7% against the previous year. Overall, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 559% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 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 Italy ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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