Finland: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Finland

The Finnish off-highway dumper market contracted to $X in 2021, reducing by -9.2% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Off-Highway Dumper Production in Finland

In value terms, off-highway dumper production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 18%. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in years to come.

Off-Highway Dumper Exports

Exports from Finland

In 2021, approx. X units of dumpers for off-highway use were exported from Finland; jumping by 37% against the year before. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, off-highway dumper exports surged to $X in 2021. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Australia (X units), Canada (X units) and South Africa (X units) were the main destinations of off-highway dumper exports from Finland, with a combined 51% share of total exports. The United States, Russia, Mexico, Ghana, Serbia, Brazil, Turkey, India, Chile and Zimbabwe lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +33.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for off-highway dumper exported from Finland were Australia ($X), Canada ($X) and the United States ($X), with a combined 54% share of total exports. These countries were followed by South Africa, Russia, Mexico, Ghana, Zimbabwe, Serbia, Brazil, India, Chile and Turkey, which together accounted for a further 34%.

Zimbabwe, with a CAGR of +36.0%, saw the highest growth rate of 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

The average off-highway dumper export price stood at $X per unit in 2021, approximately reflecting the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 21%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Finland

In 2021, approx. X units of dumpers for off-highway use were imported into Finland; growing by 7.2% against 2020 figures. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 121% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, off-highway dumper imports skyrocketed to $X in 2021. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 163% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

The United States (X units), Norway (X units) and Germany (X units) were the main suppliers of off-highway dumper imports to Finland, with a combined 76% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +90.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of dumpers for off-highway use to Finland, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.9% per year) and the Netherlands (+68.6% per year).

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2021, rising by 30% against the previous year. Overall, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, off-highway dumper import price increased by +25.4% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 59%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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