EU: Bulldozer Market 2024

Bulldozer Market Size in the EU

The EU bulldozer market rose markedly to $X in 2022, surging by 8.7% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Bulldozer Production in the EU

In value terms, bulldozer production rose notably to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 13%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Bulldozer Exports

Exports in the EU

In 2022, shipments abroad of bulldozers and angle dozers increased by 3.5% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 23%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bulldozer exports amounted to $X in 2022. Over the period under review, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X units), distantly followed by Italy (X units), France (X units), Belgium (X units), Austria (X units), Sweden (X units), Poland (X units) and Denmark (X units) were the major exporters of bulldozers and angle dozers, together committing 85% of total exports. Spain (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of +28.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest bulldozer supplying countries in the European Union were the Netherlands ($X), France ($X) and Austria ($X), with a combined 73% share of total exports.

The Netherlands, with a CAGR of +6.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with a decrease of -2.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 19%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the other leaders experienced more modest paces of growth.

Bulldozer Imports

Imports in the EU

Bulldozer imports dropped modestly to X units in 2022, stabilizing at the previous year. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +34.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 36%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bulldozer imports dropped to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +19.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The purchases of the three major importers of bulldozers and angle dozers, namely Spain, the Netherlands and Denmark, represented more than third of total import. Belgium (X units) held a 7% share (based on physical terms) of total imports, which put it in second place, followed by Romania (6.5%), Malta (5.4%) and Italy (5.1%). The following importers - Germany (X units), Poland (X units), Sweden (X units), Lithuania (X units), Finland (X units) and France (X units) - together made up 18% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malta (with a CAGR of +89.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported bulldozers and angle dozers in the European Union, comprising 28% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Spain, with a 12% share.

In the Netherlands, bulldozer imports expanded at an average annual rate of +8.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-1.3% per year) and Spain (+12.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, falling by -13.6% against the previous year. In general, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by 12%. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Malta ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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