Scandinavia: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Scandinavia

In 2022, the Scandinavia scrapers excavator market increased by 54% to $X, rising for the second consecutive year after eight years of decline. In general, consumption, however, saw a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Scrapers Excavator Production in Scandinavia

In value terms, scrapers excavator production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 8.9%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Scrapers Excavator Exports

Exports in Scandinavia

After two years of growth, shipments abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) decreased by -14.6% to X units in 2022. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, scrapers excavator exports contracted to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Finland represented the key exporting country with an export of around X units, which finished at 59% of total exports. It was distantly followed by Sweden (X units) and Norway (X units), together creating a 41% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +7.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest scrapers excavator supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

In terms of the main exporting countries, Norway, with a CAGR of +16.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, increasing by 6.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 16%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Scrapers Excavator Imports

Imports in Scandinavia

In 2022, the amount of scrapers earth moving, excavating, extracting machinery (not self-propelled) imported in Scandinavia expanded to X units, picking up by 2.2% against the year before. Over the period under review, imports, however, showed a mild decline. The growth pace was the most rapid in 2021 with an increase of 29%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, scrapers excavator imports expanded markedly to $X in 2022. Overall, imports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Finland (X units) and Sweden (X units) represented the largest importers of scrapers earth moving, excavating, extracting machinery (not self-propelled) in 2022, resulting at near 41% and 31% of total imports, respectively. It was distantly followed by Norway (X units), comprising a 28% 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 +5.9%), while imports for the other leaders experienced a decline in the imports figures.

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

Finland, with a CAGR of -0.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, with an increase of 6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 when the import price increased by 11%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably 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 Norway (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform