Norway: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Norway

In 2021, after three years of decline, there was significant growth in the Norwegian off-highway dumper market, when its value increased by 53% to $X. Overall, consumption, however, saw a drastic downturn. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Off-Highway Dumper Production in Norway

In value terms, off-highway dumper production rose modestly to $X in 2021 estimated in export price. In general, production recorded a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Off-Highway Dumper Exports

Exports from Norway

In 2021, the amount of dumpers for off-highway use exported from Norway surged to X units, jumping by 16% against the year before. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 61%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, off-highway dumper exports skyrocketed to $X in 2021. Overall, exports recorded mild growth. The growth pace was the most rapid in 2018 with an increase of 59% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Sweden (X units) and the UK (X units) were the main destinations of off-highway dumper exports from Norway, with a combined 44% share of total exports. These countries were followed by Egypt, South Africa, the Netherlands, Poland, Finland, Indonesia, Germany, Ireland, Estonia and New Zealand, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +131.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Sweden ($X) constituted the largest markets for off-highway dumper exported from Norway worldwide, together comprising 44% of total exports. These countries were followed by South Africa, Indonesia, Germany, Finland, New Zealand, Ireland, the Netherlands, Poland, Egypt and Estonia, which together accounted for a further 32%.

Egypt, with a CAGR of +122.8%, saw the highest rates of growth with regard to the value of exports, among 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, surging by 14% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Egypt ($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 Finland (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Norway

In 2021, overseas purchases of dumpers for off-highway use were finally on the rise to reach X units after three years of decline. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 73% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, off-highway dumper imports soared to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 68% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Sweden (X units) constituted the largest off-highway dumper supplier to Norway, accounting for a 59% share of total imports. Moreover, off-highway dumper imports from Sweden exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was held by Belgium (X units), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.7% per year) and Belgium (-0.2% per year).

In value terms, Sweden ($X) constituted the largest supplier of dumpers for off-highway use to Norway, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total imports. It was followed by India, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.6% per year) and India (+180.2% per year).

Import Prices by Country

In 2021, the average off-highway dumper import price amounted to $X per unit, growing by 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :