Estonia: Bulldozer Market 2025

Bulldozer Market Size in Estonia

In 2022, the Estonian bulldozer market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Bulldozer Production in Estonia

In value terms, bulldozer production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 1.7% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Bulldozer Exports

Exports from Estonia

For the third consecutive year, Estonia recorded decline in shipments abroad of bulldozers and angle dozers, which decreased by -50% to X units in 2022. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 131%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bulldozer exports plummeted to $X in 2022. In general, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 675%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lithuania (X units) was the main destination for bulldozer exports from Estonia, with a 45% share of total exports. Moreover, bulldozer exports to Lithuania exceeded the volume sent to the second major destination, Latvia (X units), threefold. The third position in this ranking was held by Austria (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-4.0% per year) and Austria (0.0% per year).

In value terms, the largest markets for bulldozer exported from Estonia were Lithuania ($X), South Korea ($X) and Latvia ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of +39.6%, 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 bulldozer export price stood at $X per unit in 2022, dropping by -28.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 235%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Finland ($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 the Netherlands (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into Estonia

In 2022, purchases abroad of bulldozers and angle dozers increased by 13% to X units for the first time since 2018, thus ending a three-year declining trend. In general, imports saw a temperate expansion. The pace of growth was the most pronounced in 2016 when imports increased by 168%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bulldozer imports soared to $X in 2022. Over the period under review, imports recorded noticeable growth. The pace of growth appeared the most rapid in 2015 with an increase of 170%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Japan (X units) were the main suppliers of bulldozer imports to Estonia, with a combined 56% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bulldozer suppliers to Estonia were Germany ($X), the United States ($X) and Japan ($X), with a combined 62% share of total imports.

Germany, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bulldozer import price amounted to $X per unit, picking up by 30% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 141% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform