Europe: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Europe

In 2021, the Europe off-highway dumper market increased by 8.3% to $X, rising for the third consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the market value increased by 9.8%. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Off-Highway Dumper Production in Europe

In value terms, off-highway dumper production contracted modestly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 10%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Off-Highway Dumper Exports

Exports in Europe

In 2021, shipments abroad of dumpers for off-highway use was finally on the rise to reach X units after two years of decline. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, off-highway dumper exports soared to $X in 2021. Total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 53% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) and Belarus (X units) represented the main exporters of dumpers for off-highway use in 2021, finishing at near 29% and 21% of total exports, respectively. The Netherlands (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Germany (9.4%) and Belgium (5.1%). Austria (X units), Italy (X units), Finland (X units), Norway (X units), France (X units) and Spain (X units) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Belarus ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together accounting for 64% of total exports.

In terms of the main exporting countries, Belarus, with a CAGR of +22.2%, recorded 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

In 2021, the export price in Europe amounted to $X per unit, picking up by 5.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%), while the other leaders experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports in Europe

After two years of decline, purchases abroad of dumpers for off-highway use increased by 73% to X units in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, off-highway dumper imports soared to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the key importer of dumpers for off-highway use in Europe, with the volume of imports accounting for X units, which was near 31% of total imports in 2021. The Netherlands (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by the UK (9%), Germany (7.4%), Poland (7%) and France (4.8%). Belgium (X units), Italy (X units), Spain (X units), Austria (X units), Ireland (X units) and Norway (X units) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of dumpers for off-highway use. At the same time, Poland (+16.9%), Ireland (+16.9%), Italy (+11.3%), Austria (+10.4%), the UK (+9.3%), Spain (+4.4%), France (+3.7%), Germany (+3.5%), the Netherlands (+2.8%) and Norway (+2.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of +16.9% from 2012-2021. By contrast, Belgium (-3.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland and the UK increased by +4.8 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported dumpers for off-highway use in Europe, comprising 31% of total imports. The second position in the ranking was held by the UK ($X), with a 12% share of total imports. It was followed by Poland, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at -2.1%. In the other countries, the average annual rates were as follows: the UK (+7.9% per year) and Poland (+16.2% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, growing by 1.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 15%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform