Scandinavia: Motor Grader Market 2024

Motor Grader Market Size in Scandinavia

For the third consecutive year, the Scandinavia motor grader market recorded growth in sales value, which increased by 140% to $X in 2022. In general, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Motor Grader Production in Scandinavia

In value terms, motor grader production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 22%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Motor Grader Exports

Exports in Scandinavia

In 2022, overseas shipments of motor graders and levellers decreased by -1.8% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 112%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, motor grader exports amounted to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 59%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Norway (X units) and Sweden (X units) represented roughly 85% of total exports in 2022. It was distantly followed by Finland (X units), committing a 15% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +1.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Finland ($X) remains the largest motor grader supplier in Scandinavia, comprising 54% of total exports. The second position in the ranking was held by Norway ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Finland stood at +9.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+2.5% per year) and Sweden (-9.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, growing by 12% against the previous year. In general, the export price saw a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 185% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.4%), while the other leaders experienced more modest paces of growth.

Motor Grader Imports

Imports in Scandinavia

Motor grader imports expanded notably to X units in 2022, increasing by 6.2% against the previous year's figure. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 74%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, motor grader imports reached $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Sweden was the main importing country with an import of around X units, which reached 50% of total imports. Norway (X units) held the second position in the ranking, distantly followed by Finland (X units). All these countries together held near 50% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2022, together accounting for 99.9% of total imports.

Among the main importing countries, Finland, with a CAGR of +36.8%, recorded the highest growth rate of the value of imports, 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 2022, declining by -5% against the previous year. Over the period under review, the import price saw a perceptible decline. The pace of growth was the most pronounced in 2017 when the import price increased by 33%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Finland (+5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform