Scandinavia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Scandinavia

The Scandinavia pedestrian-controlled tractor market rose remarkably to $X in 2022, with an increase of 9.6% against the previous year. Overall, consumption recorded a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pedestrian-Controlled Tractor Production in Scandinavia

In value terms, pedestrian-controlled tractor production totaled $X in 2022 estimated in export price. Over the period under review, production saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 53%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Pedestrian-Controlled Tractor Exports

Exports in Scandinavia

Pedestrian-controlled tractor exports reached X units in 2022, surging by 7.6% against the year before. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 404% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, pedestrian-controlled tractor exports soared to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 176%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden dominates exports structure, resulting at X units, which was near 88% of total exports in 2022. It was distantly followed by Finland (X units), comprising a 7.6% share of total exports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pedestrian-controlled tractor exports from Sweden stood at +26.7%. At the same time, Finland (+65.5%) and Norway (+29.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +65.5% from 2012-2022. From 2012 to 2022, the share of Finland increased by +7.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest pedestrian-controlled tractor supplier in Scandinavia, comprising 96% of total exports. The second position in the ranking was held by Norway ($X), with a 2.1% share of total exports.

In Sweden, pedestrian-controlled tractor exports increased at an average annual rate of +29.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+30.1% per year) and Finland (+23.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, increasing by 46% against the previous year. Overall, the export price showed a modest increase. The most prominent rate of growth was recorded in 2018 an increase of 173% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Finland ($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 (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Pedestrian-Controlled Tractor Imports

Imports in Scandinavia

In 2022, pedestrian-controlled tractor imports in Scandinavia shrank to X units, reducing by -7.1% compared with the previous year's figure. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 74% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pedestrian-controlled tractor imports shrank to $X in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when imports increased by 91% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X units) and Norway (X units) prevails in imports structure, together making up 96% of total imports. Finland (X units) took a relatively small 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 Norway (with a CAGR of -6.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Norway, with a CAGR of -5.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, shrinking by -5.8% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price 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, pedestrian-controlled tractor import price decreased by -14.9% against 2020 indices. The growth pace was the most rapid in 2020 when the import price increased by 37%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the 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 ($X per unit), while Sweden ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform