Scandinavia: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Scandinavia

In 2021, the Scandinavia road tractor for semi-trailer market increased by 80% to $X for the first time since 2016, thus ending a four-year declining trend. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Road Tractors For Semi-Trailers in Scandinavia

In value terms, road tractor for semi-trailer production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Road Tractors For Semi-Trailers

Exports in Scandinavia

After two years of decline, overseas shipments of road tractors for semi-trailers increased by 42% to X units in 2021. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2013; afterwards, it flattened through to 2021.

Exports by Country

Sweden prevails in exports structure, recording X units, which was approx. 94% of total exports in 2021. Denmark (X units) and Norway (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to road tractor for semi-trailer exports from Sweden stood at -7.8%. Norway experienced a relatively flat trend pattern. Denmark (-3.2%) illustrated a downward trend over the same period. Sweden (-2.3 p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest road tractor for semi-trailer supplier in Scandinavia, comprising 97% of total exports. The second position in the ranking was held by Denmark ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (-1.6% per year) and Norway (+6.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, with an increase of 17% against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 77% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+11.4%), while the other leaders experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports in Scandinavia

In 2021, purchases abroad of road tractors for semi-trailers was finally on the rise to reach X units after two years of decline. Overall, imports posted noticeable growth. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, road tractor for semi-trailer imports surged to $X in 2021. In general, imports saw modest growth. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Norway (X units) represented the key importer of road tractors for semi-trailers, comprising 74% of total imports. Denmark (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (4.6%). Iceland (X units) and Finland (X units) took a little share of total imports.

Norway was also the fastest-growing in terms of the road tractors for semi-trailers imports, with a CAGR of +49.6% from 2012 to 2021. At the same time, Iceland (+4.0%) displayed positive paces of growth. By contrast, Finland (-6.7%), Denmark (-11.6%) and Sweden (-11.7%) illustrated a downward trend over the same period. Norway (+71 p.p.) significantly strengthened its position in terms of the total imports, while Finland, Sweden and Denmark saw its share reduced by -5.4%, -16% and -49.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported road tractors for semi-trailers in Scandinavia, comprising 55% of total imports. The second position in the ranking was taken by Denmark ($X), with a 24% share of total imports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Norway amounted to +44.6%. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (-10.0% per year) and Sweden (-4.5% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, which is down by -16% against the previous year. Over the period under review, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2017 when the import price increased by 33%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform