Norway: Wheeled Loader Market 2025

Wheeled Loader Market Size in Norway

The Norwegian wheeled loader market surged to $X in 2021, with an increase of 40% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a noticeable decline. Wheeled loader consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wheeled Loader Exports

Exports from Norway

After three years of growth, overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders decreased by -6.3% to X units in 2021. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 56% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then dropped in the following year.

In value terms, wheeled loader exports surged to $X in 2021. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 63%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Sweden (X units) was the main destination for wheeled loader exports from Norway, accounting for a 32% share of total exports. Moreover, wheeled loader exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.0% per year) and the Netherlands (+15.6% per year).

In value terms, Sweden ($X), Germany ($X) and the Netherlands ($X) were the largest markets for wheeled loader exported from Norway worldwide, with a combined 69% share of total exports. Finland, Estonia, Faroe Islands, Poland, Denmark, Egypt, Bolivia, Lithuania and the UK lagged somewhat behind, together accounting for a further 23%.

The UK, with a CAGR of +48.3%, 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

In 2021, the average wheeled loader export price amounted to $X per unit, jumping by 43% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wheeled loader export price increased by +71.4% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the average price for exports to the UK ($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 Germany (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Norway

In 2021, approx. X units of wheeled loaders, crawler shovel loaders, front-end loaders were imported into Norway; surging by 14% compared with 2020. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wheeled loader imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X units), Germany (X units) and China (X units) were the main suppliers of wheeled loader imports to Norway, with a combined 62% share of total imports. The Netherlands, the UK, Belgium, Switzerland, the United States, Japan, Denmark, Italy, France and Finland lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +47.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Norway, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Switzerland, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.7% per year) and Switzerland (+50.1% per year).

Import Prices by Country

The average wheeled loader import price stood at $X per unit in 2021, rising by 9.3% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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