Europe: Bulldozer Market 2024

Bulldozer Market Size in Europe

In 2022, the Europe bulldozer market increased by 2.1% to $X, rising for the seventh year in a row after three years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Bulldozer Production in Europe

In value terms, bulldozer production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 10%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Bulldozer Exports

Exports in Europe

In 2022, shipments abroad of bulldozers and angle dozers increased by 29% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a pronounced reduction. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, bulldozer exports amounted to $X in 2022. In general, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK represented the major exporting country with an export of about X units, which accounted for 31% of total exports. The Netherlands (X units) ranks second in terms of the total exports with a 14% share, followed by Italy (8.4%), France (7.3%), Belgium (7.2%), Austria (6.8%) and Sweden (5.2%). Poland (X units), Denmark (X units), Spain (X units), Germany (X units) and Lithuania (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bulldozer exports from the UK stood at -5.8%. At the same time, Denmark (+28.6%), Lithuania (+19.2%), the Netherlands (+5.7%), Poland (+4.9%) and Sweden (+4.6%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Europe, with a CAGR of +28.6% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, Spain (-1.6%), Italy (-3.8%), Germany (-5.3%), Belgium (-5.4%) and France (-9.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+8.3 p.p.), Denmark (+3.1 p.p.), Sweden (+2.8 p.p.), Austria (+2.4 p.p.) and Poland (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-1.8 p.p.), France (-7.5 p.p.) and the UK (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bulldozer supplying countries in Europe were the Netherlands ($X), France ($X) and Austria ($X), together comprising 69% of total exports. Belgium, Poland, the UK, Germany, Italy, Spain, Lithuania, Denmark and Sweden lagged somewhat behind, together accounting for a further 26%.

Lithuania, with a CAGR of +13.1%, recorded the highest growth rate of the value of exports, in terms of 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 Europe stood at $X per unit in 2022, falling by -21.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 31%. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then shrank significantly in the following year.

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 Europe

In 2022, imports of bulldozers and angle dozers in Europe declined to X units, reducing by -7% compared with 2021 figures. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +33.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, bulldozer imports shrank significantly to $X in 2022. In general, imports recorded a slight downturn. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2022, Spain (X units), Russia (X units), the Netherlands (X units), the UK (X units) and Denmark (X units) was the largest importer of bulldozers and angle dozers in Europe, constituting 59% of total import. Belgium (X units) ranks next in terms of the total imports with a 4.9% share, followed by Romania (4.6%). The following importers - Malta (X units), Italy (X units), Germany (X units), Poland (X units), Sweden (X units) and Lithuania (X units) - together made up 17% 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, Russia ($X) constitutes the largest market for imported bulldozers and angle dozers in Europe, comprising 32% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to -6.2%. In the other countries, the average annual rates were as follows: the Netherlands (+8.8% per year) and the UK (+7.2% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, which is down by -12% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 13%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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