Norway: Crawler Dozer Market 2024

Crawler Dozer Market Size in Norway

The Norwegian crawler dozer market fell to $X in 2022, which is down by -13.2% against the previous year. Over the period under review, consumption recorded a slight contraction. Crawler dozer consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Crawler Dozer Production in Norway

In value terms, crawler dozer production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 345,932,700%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Crawler Dozer Exports

Exports from Norway

In 2022, the amount of crawler dozers exported from Norway surged to X units, jumping by 17% on the previous year's figure. Overall, exports continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 157% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, crawler dozer exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 368% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units), Denmark (X units) and Lithuania (X units) were the main destinations of crawler dozer exports from Norway, with a combined 48% share of total exports. British Virgin Islands, the Netherlands, the United States, Estonia, Poland, Ireland, Belgium, France and Finland lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), France ($X) and Denmark ($X) constituted the largest markets for crawler dozer exported from Norway worldwide, together comprising 70% of total exports. The United States, Belgium, Poland, the Netherlands, Lithuania, Finland, Estonia, Ireland and British Virgin Islands lagged somewhat behind, together accounting for a further 18%.

Estonia, with a CAGR of +57.1%, 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 crawler dozer export price stood at $X per unit in 2022, rising by 17% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to British Virgin Islands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+83.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Dozer Imports

Imports into Norway

In 2022, approx. X units of crawler dozers were imported into Norway; with an increase of 4.1% compared with the previous year. Overall, imports saw a perceptible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 133% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, crawler dozer imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2013 with an increase of 125% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, France (X units) constituted the largest crawler dozer supplier to Norway, accounting for a 33% share of total imports. Moreover, crawler dozer imports from France exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Belgium (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+23.1% per year) and Belgium (-1.8% per year).

In value terms, France ($X) constituted the largest supplier of crawler dozers to Norway, comprising 54% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports. It was followed by Austria, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+10.0% per year) and Austria (+8.5% per year).

Import Prices by Country

The average crawler dozer import price stood at $X per unit in 2022, increasing by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 when the average import price increased by 53%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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