Scandinavia: Crawler Dozer Market 2024

Crawler Dozer Market Size in Scandinavia

In 2022, the Scandinavia crawler dozer market increased by 376% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Crawler Dozer Production in Scandinavia

In value terms, crawler dozer production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 402,802,100%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Crawler Dozer Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in overseas shipments of crawler dozers, which increased by 32% to X units in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 149%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, crawler dozer exports surged to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 228% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Sweden prevails in exports structure, amounting to X units, which was near 89% of total exports in 2022. It was distantly followed by Norway (X units), constituting a 9.4% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of crawler dozers. At the same time, Norway (+4.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +4.5% from 2012-2022. Norway (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -3.9% from 2012 to 2022, respectively.

In value terms, Norway ($X) remains the largest crawler dozer supplier in Scandinavia, comprising 70% of total exports. The second position in the ranking was held by Sweden ($X), with a 17% share of total exports.

In Norway, crawler dozer exports expanded at an average annual rate of +15.0% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, picking up by 4.2% against the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2013 when the export price increased by 223% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+10.0%).

Crawler Dozer Imports

Imports in Scandinavia

In 2022, crawler dozer imports in Scandinavia surged to X units, jumping by 17% compared with 2021. Over the period under review, imports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crawler dozer imports soared to $X in 2022. In general, imports posted moderate growth. The pace of growth appeared the most rapid in 2017 with an increase of 76% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X units) and Norway (X units) represented the main importers of crawler dozers in Scandinavia, together resulting at approx. 70% of total imports. It was distantly followed by Sweden (X units), committing a 30% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +2.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest crawler dozer importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Sweden, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, rising by 16% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crawler dozer import price decreased by -17.4% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 110%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+17.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform