Scandinavia: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Scandinavia

The Scandinavia off-highway dumper market contracted to $X in 2021, with a decrease of -9% against the previous year. Over the period under review, consumption saw a perceptible setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Off-Highway Dumper Production in Scandinavia

In value terms, off-highway dumper production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16%. Over the period under review, production hit record highs in 2021 and is expected to retain growth in the immediate term.

Off-Highway Dumper Exports

Exports in Scandinavia

In 2021, off-highway dumper exports in Scandinavia soared to X units, growing by 23% against 2020. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 44%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, off-highway dumper exports surged to $X in 2021. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Finland (X units) and Norway (X units) dominates exports structure, together creating 90% of total exports. Denmark (X units) took a 5.1% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (4.5%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +8.7%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the largest off-highway dumper supplier in Scandinavia, comprising 74% of total exports. The second position in the ranking was taken by Norway ($X), with a 21% share of total exports. It was followed by Denmark, with a 3.7% share.

In Finland, off-highway dumper exports expanded at an average annual rate of +8.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+1.5% per year) and Denmark (+8.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, picking up by 8.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 18%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+9.3%), while the other leaders experienced mixed trends in the export price figures.

Off-Highway Dumper Imports

Imports in Scandinavia

In 2021, the amount of dumpers for off-highway use imported in Scandinavia expanded rapidly to X units, growing by 6.5% compared with the previous year's figure. 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 pace of growth appeared the most rapid in 2015 with an increase of 25%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, off-highway dumper imports skyrocketed to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of off-highway dumper imports in 2021 were Norway (X units), Finland (X units) and Denmark (X units), together finishing at 81% of total import. It was distantly followed by Sweden (X units), achieving a 16% share of total imports. Iceland (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and Denmark ($X) were the countries with the highest levels of imports in 2021, together accounting for 84% of total imports. Sweden and Iceland lagged somewhat behind, together comprising a further 16%.

Iceland, with a CAGR of +44.5%, 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

The import price in Scandinavia stood at $X per unit in 2021, growing by 17% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform