Overview of the Global Market for Snow-Ploughs And Snow-Blowers

Market Size for Snow-Ploughs And Snow-Blowers

In 2022, the global snow ploughs and blowers market increased by 3.8% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a perceptible descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the global market failed to regain momentum.

Production of Snow-Ploughs And Snow-Blowers

In value terms, snow ploughs and blowers production totaled $X in 2022 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 42%. As a result, production attained the peak level of $X. From 2014 to 2022, global production growth remained at a somewhat lower figure.

Exports of Snow-Ploughs And Snow-Blowers

Exports

In 2022, the amount of snow-ploughs and snow-blowers exported worldwide expanded notably to X units, picking up by 8.3% compared with the previous year. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 40% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, snow ploughs and blowers exports surged to $X in 2022. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +127.8% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 20%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

China represented the main exporter of snow-ploughs and snow-blowers in the world, with the volume of exports resulting at X units, which was approx. 64% of total exports in 2022. Mexico (X units) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by the United States (11%). The following exporters - Vietnam (X units) and Canada (X units) - together made up 4.3% of total exports.

Exports from China increased at an average annual rate of +9.3% from 2012 to 2022. At the same time, Vietnam (+47.6%), Mexico (+14.8%) and Canada (+9.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +47.6% from 2012-2022. By contrast, the United States (-2.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Mexico and Vietnam increased by +17, +6.9 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and Mexico ($X) were the countries with the highest levels of exports in 2022, with a combined 64% share of global exports. Canada and Vietnam lagged somewhat behind, together comprising a further 12%.

In terms of the main exporting countries, Vietnam, with a CAGR of +191.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average snow ploughs and blowers export price amounted to $X per unit, surging by 8.9% against the previous year. In general, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2018 an increase of 22%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.8%), while the other global leaders experienced more modest paces of growth.

Imports of Snow-Ploughs And Snow-Blowers

Imports

In 2022, purchases abroad of snow-ploughs and snow-blowers increased by 16% to X units, rising for the sixth consecutive year after two years of decline. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +112.2% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 22%. Over the period under review, global imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, snow ploughs and blowers imports soared to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +136.9% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importing country with an import of around X units, which accounted for 52% of total imports. Canada (X units) ranks second in terms of the total imports with a 22% share, followed by Russia (6.6%). Sweden (X units), Norway (X units), Germany (X units) and Italy (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the snow-ploughs and snow-blowers imports, with a CAGR of +13.7% from 2012 to 2022. At the same time, Canada (+8.3%), Italy (+5.1%) and Norway (+4.3%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. By contrast, Sweden (-3.9%) and Germany (-7.1%) illustrated a downward trend over the same period. While the share of the United States (+26 p.p.) and Canada (+4.3 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Sweden (-4.2 p.p.), Germany (-5.5 p.p.) and Russia (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest snow ploughs and blowers importing markets worldwide were the United States ($X), Canada ($X) and Germany ($X), with a combined 69% share of global imports.

The United States, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average snow ploughs and blowers import price amounted to $X per unit, growing by 8.2% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 9.3% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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